Product Information
This book provides a thorough understanding of the fundamental concepts of financial mathematics essential for the evaluation of any financial product and instrument. Mastering concepts of present and future values of streams of cash flows under different interest rate environments is core for actuaries and financial economists. This book covers the body of knowledge required by the Society of Actuaries (SOA) for its Financial Mathematics (FM) Exam.The third edition includes major changes such as an addition of an 'R Laboratory' section in each chapter, except for Chapter 9. These sections provide R codes to do various computations, which will facilitate students to apply conceptual knowledge. Additionally, key definitions have been revised and the theme structure has been altered. Students studying undergraduate courses on financial mathematics for actuaries will find this book useful. This book offers numerous examples and exercises, some of which are adapted from previous SOA FM Exams. It is also useful for students preparing for the actuarial professional exams through self-study.Product Identifiers
PublisherWorld Industries Scientific Publishing Co Pte LTD
ISBN-139789811245671
eBay Product ID (ePID)25049895467
Product Key Features
Publication Year2021
SubjectFinance
Number of Pages368 Pages
LanguageEnglish
Publication NameFinancial Mathematics for Actuaries (Third Edition)
TypeTextbook
AuthorYiu-Kuen Tse, Wai-Sum Chan
FormatPaperback
Additional Product Features
Country/Region of ManufactureSingapore
Title_AuthorYiu-Kuen Tse, Wai-Sum Chan