Mathematical Interest Theory (Mathematical Association of America Textbooks) |  | Authors: Leslie Jane Federer Vaaler, James Daniel
Publisher: Mathematical Association of America
List Price: $89.95
Buy New: $83.70
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Rating:  12 reviews
Sales Rank: 220589
Media: Hardcover
Edition: 2
Pages: 656
Number Of Items: 1
Shipping Weight (lbs): 1.7
Dimensions (in): 8.9 x 6.2 x 1.2
ISBN: 0883857545
Dewey Decimal Number: 332.801513
EAN: 9780883857540
ASIN: 0883857545
Publication Date: October 1, 2008
Availability: Usually ships in 1-2 business days
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Product Description
Mathematical Interest Theory gives an introduction of how investments grow over time. This is done in a mathematically precise manner. The emphasis is on practical applications that give the reader a concrete understanding of why the various relationships should be true. Among the modern financial topics introduced are: arbitrage, options, futures, and swaps. The content of the book, along with an understanding of probability, will provide a solid foundation for readers embarking on actuarial careers. On the other hand, Mathematical Interest Theory is written for anyone who has a strong high-school algebra background and is interested in being an informed borrower or investor. The content is suitable for a mid-level or upper-level undergraduate course or a beginning graduate course. Mathematical Interest Theory includes more than 240 carefully worked examples. There are over 430 problems, and numerical answers are included in an appendix. A companion student solution manual has detailed solutions to the odd-numbered problems. Most of the examples involve computation, and detailed instruction is provided on how to the Texas Instruments BA II Plus and BA II Plus Professional calculators can be used to efficiently solve the problems. This is important for readers wishing to pass the SOA/CAS joint financial mathematics exam FM/2. However, this part of the book can be skipped without disturbing the flow of the exposition.
Book Description
Mathematical Interest Theory gives an introduction to how investments vary over time, and this book provides a solid foundation for readers embarking on actuarial careers. It is among the recommended reading options for the Society of Actuaries/Casualty Actuarial Society FM/2 exam.
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| Customer Reviews:
Showing reviews 1-5 of 12
 Quite possibly the worst textbook I've ever used. August 2, 2009
Wayne Cheng (New York, NY)
The questions in this text are confusingly worded and either have no relation to the sections or do not demonstrate the real "meat" of the concepts discussed in the sections. Rather than a progressive approach where a student builds on concepts through each succeeding question, the authors seem to enjoy giving questions that are either utterly difficult or have been worded by a schizophrenic. Too many formulas are included in the book that could have easily been omitted to maintain clarity.
The accompanying student solution manual that is available for $30 is absolutely atrocious and covers only the odd numbers of the problems. Is there an option to pay $60 for the even numbers or what? It just doesn't make any sense.
 Good March 2, 2009
Kevin
0 out of 1 found this review helpful
This solutions manual provides the worked-out solutions for the odd numbered questions. For the most part the solutions are detailed and provide help but you will find some that are just equations with numbers filled in and it makes it a little hard to follow.
the cover is a little dirty... February 22, 2009
yan xia
0 out of 4 found this review helpful
the book is in a good condition. however the cover is a little bit dirty
 a good book February 9, 2009
Huang Xinlu
0 out of 1 found this review helpful
The book is exactly new and it is exactly the same as Edition 1, it's cheaper than edition 1st, so you can take it if your professor ask for edition 1
Not User Friendly June 2, 2008
Thelonious
1 out of 1 found this review helpful
This book, like another reviewer stated, is geared toward people who are already familiar with the concepts. This is not a text for the beginner. Also, the symbols used in the book are confusing and some of the formulas are not adequately explained. If you are studying for an actuarial exam, get another book.
Showing reviews 1-5 of 12
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