Language : English
Published : 2017-07
Pages : 353
Financial Mathematics for Actuaries
Financial Mathematics for Actuaries is a textbook for students in actuarial science, quantitative finance, financial engineering and quantitative risk management and is designed for a one-semester undergraduate course. Covering the theories of interest rates, with applications to the evaluation of cash flows, the pricing of fixed income securities and the management of bonds, this textbook also contains numerous examples and exercises and extensive coverage of various Excel functions for financial calculation. Discussions are linked to real financial market data, such as historical term structure, and traded financial securities. The topics discussed in this book are essential for actuarial science students. They are also useful for students in financial markets, investments and quantitative finance. Students preparing for examinations in financial mathematics with various professional actuarial bodies will also find this book useful for self-study. In this second edition, the recent additions in the learning objectives of the Society of Actuaries Exam FM have been covered.
Get the background you need and discover the usefulness of mathematics in analyzing and solving problems with FINITE MATHEMATICS, 8th Edition. The author clearly explains concepts, and the computations demonstrate enough detail to allow you to follow and learn steps in the problem-solving process. Hundreds of examples and exercises, many based on real-world data, illustrate the practical applications of mathematical concepts. The book also includes technology guidelines to help you successfully use graphing calculators and Microsoft Excel to solve selected exercises.
Instructors love Numerical Methods for Engineers because it makes teaching easy! Students love it because it is written for them–with clear explanations and examples throughout. The text features a broad array of applications that span all engineering disciplines. The sixth edition retains the successful instructional techniques of earlier editions. Chapra and Canale’s unique approach opens each part of the text with sections called Motivation, Mathematical Background, and Orientation. This prepares the student for upcoming problems in a motivating and engaging manner. Each part closes with an Epilogue containing Trade-Offs, Important Relationships and Formulas, and Advanced Methods and Additional References. Much more than a summary, the Epilogue deepens understanding of what has been learned and provides a peek into more advanced methods. Helpful separate Appendices. “Getting Started with MATLAB” abd “Getting Started with Mathcad” which make excellent references. Numerous new or revised problems drawn from actual engineering practice, many of which are based on exciting new areas such as bioengineering. The expanded breadth of engineering disciplines covered is especially evident in the problems, which now cover such areas as biotechnology and biomedical engineering. Excellent new examples and case studies span asll areas of engineering disciplines; the students using this text will be able to apply their new skills to their chosen field. Users will find use of software packages, specifically MATLAB(R), Excel(R) with VBA and Mathcad(R). This includes material on developing MATLAB(R) m-files and VBA macros.
As in previous editions, the focus in BASIC COLLEGE MATHEMATICS remains on the Aufmann Interactive Method (AIM). Students are encouraged to be active participants in the classroom and in their own studies as they work through the How To examples and the paired Examples and You Try It problems. Student engagement is crucial to success. Presenting students with worked examples, and then providing them with the opportunity to immediately solve similar problems, helps them build their confidence and eventually master the concepts. Simplicity is key in the organization of this edition, as in all other editions. All lessons, exercise sets, tests, and supplements are organized around a carefully constructed hierarchy of objectives. Each exercise mirrors a preceding objective, which helps to reinforce key concepts and promote skill building. This clear, objective-based approach allows students to organize their thoughts around the content, and supports instructors as they work to design syllabi, lesson plans, and other administrative documents. New features like Focus on Success, Apply the Concept, and Concept Check add an increased emphasis on study skills and conceptual understanding to strengthen the foundation of student success. The Tenth Edition also features a new design, enhancing the Aufmann Interactive Method and making the pages easier for both students and instructors to follow. Available with InfoTrac Student Collections http://gocengage.com/infotrac.
About the Author
Richard Aufmann is the lead author of two bestselling developmental math series and a bestselling college algebra and trigonometry series, as well as several derivative math texts. He received a BA in mathematics from the University of California, Irvine, and an MA in mathematics from California State University, Long Beach. Mr. Aufmann taught math, computer science, and physics at Palomar College in California, where he was on the faculty for 28 years. His textbooks are highly recognized and respected among college mathematics professors. Today, Mr. Aufmann’s professional interests include quantitative literacy, the developmental math curriculum, and the impact of technology on curriculum development.
Joanne Lockwood received a BA in English Literature from St. Lawrence University and both an MBA and a BA in mathematics from Plymouth State University. Ms. Lockwood taught at Plymouth State University and Nashua Community College in New Hampshire, and has over 20 years’ experience teaching mathematics at the high school and college level. Ms. Lockwood has co-authored two bestselling developmental math series, as well as numerous derivative math texts and ancillaries. Ms. Lockwood’s primary interest today is helping developmental math students overcome their challenges in learning math.
These books are specially written for students who are pursuing diploma in accountancy and other professional courses like finance, business studies, business administration and commerce. Business practitioners may also find this book useful. Additional questions and examples to each chapter have been incorporated to enhance understanding of the concepts discussed.