Theory of Interest and Life Contingencies with Pension Applications 3rd Edition - Ebook A2

This is an introductory treatment of compound interest and basic aspects of life contingencies. It is the perfect book for college and universities that are supportive of actuarial education, but do not have formal actuarial science programs. It is also an excellent resource for a survey course in actuarial math. The theory is illustrated by worked examples and reinforced through numerous exercises. A knowledge of algebra is required; a familiarity with introductory calculus and probability is useful, but not essential.

This popular textbook is even more useful due to the inclusion of the following topics: basic concepts in finance, such as the real rate of return; investment duration; an introduction to simple contingent insurance functions; and an introduction to pensions and pension mathematics.

Students will find this text to be valuable supplementary reading in preparing for Exam FM of the Society of Actuaries.

A separate solutions manual for the text is also available.