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This is an excellent book on interest theory, one of the four book recognized by the Society of Actuaries and Casualty Acruarial Society as a basis of study for the interest theory component of their joint FInancial Mathematics (FM) exam. What I particularly like about Mathematical Interest Theory is that many problems are intrinsically multi-stepped requiring use of several core functions. By providing a multitude of superior problems, the authors are able to familiarize the student not only with core actuarial function, but also develop their skills in studying the interaction between these functions and real-world problems. --Russell Jay Hendel, UMAP Journal

Students pursuing an actuarial career as well as those seeking a mathematically based finances course stand to benefit from this informative, up-to-date, and above all, skillfully written treatise. Instructors and students of interest theory owe Daniel and Vaaler a debt of gratitude for their fine efforts. --Susan Staples, Texas Christian University
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Books, Mathematics, Interest Rate, Risk Management, Interest Rates, Actuarial Science

Details

ISBN-10:  0883857545
ISBN-13:  978-0883857540
Author:  Leslie Jane Federer Vaaler
Genre:  Business & Investing
Publisher:  Mathematical Association of America
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review by . June 25, 2010
It would be interesting to know if the near financial collapse of late 2008, the subsequent public outrage and move to re-regulate the financial industry has led to an increase in the enrollment in courses in the mathematics of finance. The basic concept of human curiosity should drive an increased interest in how the financial industry works. This book will satisfy that curiosity.    Calculus is not used until the last chapter and then only slightly. The real mathematical prerequisite …
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