This manual is written to accompany the third edition of Mathematical Interest Theory by Leslie Jane Federer Vaaler, Shinko Kojima Harper, and James W. Daniel. It contains solutions to all the odd-numbered problems in that text. Individuals preparing for the Society of Actuaries examination in Financial Mathematics should find that the detailed solutions contained herein are an invaluable aid in their study. As in the main text, it is presumed that the reader has a Texas Instrument BA II Plus or BA II Plus Professional calculator available and instruction in its efficient use to solve these problems is included.
This manual is written to accompany Mathematical Interest Theory, by Leslie Jane Federer Vaaler and James Daniel. It includes detailed solutions to the odd-numbered problems. There are solutions to 239 problems, and sometimes more than one way to reach the answer is presented. In keeping with the presentation of the text, calculator discussions for the Texas Instruments BA II Plus or BA II Plus Professional calculator is typeset in a different font from the rest of the text.
This manual is written to accompany Mathematical Interest Theory, by Leslie Jane Federer Vaaler and James Daniel. It includes detailed solutions to the odd-numbered problems. There are solutions to 239 problems, and sometimes more than one way to reach the answer is presented. In keeping with the presentation of the text, calculator discussions for the Texas Instruments BA II Plus or BA II Plus Professional calculator is typeset in a different font from the rest of the text.--Publisher's website.
Mathematical Interest Theory provides an introduction to how investments grow over time. This is done in a mathematically precise manner. The emphasis is on practical applications that give the reader a concrete understanding of why the various relationships should be true. Among the modern financial topics introduced are: arbitrage, options, futures, and swaps. Mathematical Interest Theory is written for anyone who has a strong high-school algebra background and is interested in being an informed borrower or investor. The book is suitable for a mid-level or upper-level undergraduate course or a beginning graduate course. The content of the book, along with an understanding of probability, will provide a solid foundation for readers embarking on actuarial careers. The text has been suggested by the Society of Actuaries for people preparing for the Financial Mathematics exam. To that end, Mathematical Interest Theory includes more than 260 carefully worked examples. There are over 475 problems, and numerical answers are included in an appendix. A companion student solution manual has detailed solutions to the odd-numbered problems. Most of the examples involve computation, and detailed instruction is provided on how to use the Texas Instruments BA II Plus and BA II Plus Professional calculators to efficiently solve the problems. This Third Edition updates the previous edition to cover the material in the SOA study notes FM-24-17, FM-25-17, and FM-26-17.
1. The Measurement of Interest ; 2. Solution of Problems in Interest ; 3. Elementary Annuities ; 4. More General Annuities ; 5. Yield Rates ; 6. Amortization Schedules and Sinking Funds ; 7. Bond and Other Securities ; 8. Practical Applications ; 9. More Advanced Financial Analysis ; 10. A Stochastic Approach to Interest ; APPENDIXES I. Table of compound interest functions ; II. Table numbering the days of the year ; III. Basic mathematical review ; IV. Statistical background ; V. An introduction to finite differences ; VI. Iteration methods ; VII. Further analysis of varying annuities ; VIII. A general formula for amortization with step-rate amounts ofprinciple ; Bibliography ; Answers to the exercises ; Index.
This text, and accompanying disk, provides coverage of complex variables. It uses examples and exercise sets, with clear explanations of problem-solving techniqes and material on the further theory of functions.
This book introduces the mathematics that supports advanced computer programming and the analysis of algorithms. The primary aim of its well-known authors is to provide a solid and relevant base of mathematical skills - the skills needed to solve complex problems, to evaluate horrendous sums, and to discover subtle patterns in data. It is an indispensable text and reference not only for computer scientists - the authors themselves rely heavily on it! - but for serious users of mathematics in virtually every discipline. Concrete Mathematics is a blending of CONtinuous and disCRETE mathematics. "More concretely," the authors explain, "it is the controlled manipulation of mathematical formulas, using a collection of techniques for solving problems." The subject matter is primarily an expansion of the Mathematical Preliminaries section in Knuth's classic Art of Computer Programming, but the style of presentation is more leisurely, and individual topics are covered more deeply. Several new topics have been added, and the most significant ideas have been traced to their historical roots. The book includes more than 500 exercises, divided into six categories. Complete answers are provided for all exercises, except research problems, making the book particularly valuable for self-study. Major topics include: Sums Recurrences Integer functions Elementary number theory Binomial coefficients Generating functions Discrete probability Asymptotic methods This second edition includes important new material about mechanical summation. In response to the widespread use of the first edition as a reference book, the bibliography and index have also been expanded, and additional nontrivial improvements can be found on almost every page. Readers will appreciate the informal style of Concrete Mathematics. Particularly enjoyable are the marginal graffiti contributed by students who have taken courses based on this material. The authors want to convey not only the importance of the techniques presented, but some of the fun in learning and using them.
Elementary Number Theory takes an accessible approach to teaching students about the role of number theory in pure mathematics and its important applications to cryptography and other areas. The first chapter of the book explains how to do proofs and includes a brief discussion of lemmas, propositions, theorems, and corollaries. The core of the text covers linear Diophantine equations; unique factorization; congruences; Fermat’s, Euler’s, and Wilson’s theorems; order and primitive roots; and quadratic reciprocity. The authors also discuss numerous cryptographic topics, such as RSA and discrete logarithms, along with recent developments. The book offers many pedagogical features. The "check your understanding" problems scattered throughout the chapters assess whether students have learned essential information. At the end of every chapter, exercises reinforce an understanding of the material. Other exercises introduce new and interesting ideas while computer exercises reflect the kinds of explorations that number theorists often carry out in their research.
