Title: Institute of Actuaries'', Vol. 1: Text-Book of the Principles of Interest, Life Annuities, and Assurances, and Their Practical Application (Classic Reprint)
Publisher: Forgotten Books
Publication Date: 2018
Language: English
ISBN 10: 0266247148
ISBN 13: 9780266247142
Binding: HRD
Condition: New
Weight: 538 grams

About this title

Synopsis

Master the fundamentals and applications of interest, life annuities, and security valuation .

This comprehensive text explains how interest compounds, how to value annuities, and how to price debentures and other redeemable securities.

This edition lays out definitions, core formulas, and practical methods with worked examples. It covers the theory of compound interest, methods for valuing perpetuities and varying annuities, and the analysis of loans and capital redemption. It also includes discussion of interest tables and the calculus of finite differences, all aimed at building a solid, hands-on understanding for students and practitioners alike.

Clear definitions and elementary propositions that build a solid foundation
Step-by-step development of valuation techniques for debentures, securities, and annuities
Practical examples showing how to apply formulas to real-world problems
Coverage of tables, numerical methods, and approximations used in actuarial work

Ideal for readers pursuing actuarial study or professional work in finance, insurance, and risk assessment who want a rigorous, field-tested reference.

"About this title" may belong to another edition of this title.

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