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Mathematics of interest rates, insurance, social security, and pensions / Robert Muksian.

By: Publication details: Upper Saddle River, N.J. : Pearson Education, c2003.Edition: 1st edDescription: xii, 351 p. : ill. ; 25 cmISBN:
  • 0130094250 :
Subject(s): LOC classification:
  • HG1621 .M857 2003
Contents:
Simple Interest and Discount -- Future Value and Present Value -- Practical Applications Using Simple Interest -- Equations of Value -- Add-On Interest and Approximate True Interest Rate -- Short-Term Investment Rate of Interest -- Compound Interest -- Compounding Frequency and Periodic Interest Rate -- Future and Present Values -- Discount at Compound Interest -- Basic Annuities -- Future Amount of an Annuity and Sinking Fund -- Present Value of an Annuity and Amortization -- Annuity Due -- Practical Applications -- Other Annuities -- Deferred Annuities -- General (Complex) Annuities -- Annuity in Perpetuity -- Geometrically Varying Annuities -- Bond Valuation -- Price of a Bond on an Interest Payment Date -- Price of a Bond Between Interest Payment Dates -- Zero Coupon Bonds -- Duration and Volatility -- Elements of Linear Programming -- The Linear Programming System -- The Linear Programming Solver -- Sensitivity and Limit Analyses -- Capital Rationing -- Working Capital Management -- Breakeven Models -- Fundamental Breakeven Analysis -- Breakeven Based on Supply and Demand -- Breakeven Based on Finance -- Life Insurance -- Elements of Probability -- Mortality -- Commutation Functions -- Life Annuities -- Life Insurance: Net Single Premium -- Life Insurance: Net Annual Premium -- Life Insurance Reserves -- Social Security -- A Brief History of Social Security -- Determination of Benefits -- Private Pensions -- A Brief History of Private Pensions -- Defined Benefit Pension Plans -- Defined Contribution Pension Plans -- Distributions from Pension Plans -- Integration with Social Security.
Summary: This text aims to help readers become “ literate” in the vocabulary of finance, insurance, and pensions and be able to utilize the appropriate mathematics for professional and personal use. This book covers a wide range of topics not found in other texts, including complex annuities, complex perpetuities, geometrically varying annuities, and bond duration and volatility. This book is a helpful reference to all professionals in the fields of accounting, finance and financial services, management, marketing services, computer information systems, and economics. It is also ideal for anyone who wants a self-study for personal finances.

Includes bibliographical references and index.

Simple Interest and Discount -- Future Value and Present Value -- Practical Applications Using Simple Interest -- Equations of Value -- Add-On Interest and Approximate True Interest Rate -- Short-Term Investment Rate of Interest -- Compound Interest -- Compounding Frequency and Periodic Interest Rate -- Future and Present Values -- Discount at Compound Interest -- Basic Annuities -- Future Amount of an Annuity and Sinking Fund -- Present Value of an Annuity and Amortization -- Annuity Due -- Practical Applications -- Other Annuities -- Deferred Annuities -- General (Complex) Annuities -- Annuity in Perpetuity -- Geometrically Varying Annuities -- Bond Valuation -- Price of a Bond on an Interest Payment Date -- Price of a Bond Between Interest Payment Dates -- Zero Coupon Bonds -- Duration and Volatility -- Elements of Linear Programming -- The Linear Programming System -- The Linear Programming Solver -- Sensitivity and Limit Analyses -- Capital Rationing -- Working Capital Management -- Breakeven Models -- Fundamental Breakeven Analysis -- Breakeven Based on Supply and Demand -- Breakeven Based on Finance -- Life Insurance -- Elements of Probability -- Mortality -- Commutation Functions -- Life Annuities -- Life Insurance: Net Single Premium -- Life Insurance: Net Annual Premium -- Life Insurance Reserves -- Social Security -- A Brief History of Social Security -- Determination of Benefits -- Private Pensions -- A Brief History of Private Pensions -- Defined Benefit Pension Plans -- Defined Contribution Pension Plans -- Distributions from Pension Plans -- Integration with Social Security.

This text aims to help readers become “ literate” in the vocabulary of finance, insurance, and pensions and be able to utilize the appropriate mathematics for professional and personal use. This book covers a wide range of topics not found in other texts, including complex annuities, complex perpetuities, geometrically varying annuities, and bond duration and volatility. This book is a helpful reference to all professionals in the fields of accounting, finance and financial services, management, marketing services, computer information systems, and economics. It is also ideal for anyone who wants a self-study for personal finances.

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