000			01822 a2200265 4500
003			OSt
005			20220718165252.0
008			220715b xxu||||| |||| 00| 0 eng d
020			_a9789811245671
040			_cIIT Kanpur
041			_aeng
082			_a332.0151 _bC36f3
100			_aChan, Wai-Sum
245			_aFinancial mathematics for actuaries [3rd ed.] _cWai-Sum Chan and Yiu-Kuen Tse
250			_a3rd ed.
260			_bWorld Scientific _c2022 _aNew Jersey
300			_axx, 345p
520			_aThis book provides a thorough understanding of the fundamental concepts of financial mathematics essential for the evaluation of any financial product and instrument. Mastering concepts of present and future values of streams of cash flows under different interest rate environments is core for actuaries and financial economists. This book covers the body of knowledge required by the Society of Actuaries (SOA) for its Financial Mathematics (FM) Exam.The third edition includes major changes such as an addition of an 'R Laboratory' section in each chapter, except for Chapter 9. These sections provide R codes to do various computations, which will facilitate students to apply conceptual knowledge. Additionally, key definitions have been revised and the theme structure has been altered. Students studying undergraduate courses on financial mathematics for actuaries will find this book useful. This book offers numerous examples and exercises, some of which are adapted from previous SOA FM Exams. It is also useful for students preparing for the actuarial professional exams through self-study.
650			_aBusiness mathematics
650			_aFinance -- Statistical methods
650			_aInsurance -- Statistical methods
650			_aActuarial science
700			_aTse, Yiu-Kuen
942			_cBK
999			_c565711 _d565711