Robert Muksian, Bryant College

Publisher: Prentice Hall
Copyright: 2003
Format: Cloth; 351 pp

ISBN-10:	0130094250
ISBN-13:	9780130094254

Our Price: £55.99
Status: Not Yet Published
Estimated Availability: 09 Dec 2002

Covering a range of topics—many of which are not found in most other texts in the field—this text is a helpful adjunct to business concentrations such as accounting, finance and financial services, management, marketing services, computer information systems, and economics. It aims to help students become “literate” in the vocabulary of finance, insurance, and pensions and be able to utilize the appropriate mathematics for professional and personal use. Mathematics of Interest Rates, Insurance, Social Security and Pensions is ideal for individuals whose career paths may include the need for mathematics of finance, insurance, breakeven analyses, and retirement planning via Social Security and private pensions.

• Many extra topics covered—Like complex annuities, complex perpetuities, geometrically varying annuities, bond duration and volatility.

• Approximately 900 problems and 150 examples.

  • Gives students ample opportunity to practice the concepts learned.

• Author Website for annual updates. Social Security updates are quite useful.

• The Excel Goal Seek tool is carefully covered—An iterative process that enables the determination of an unknown that cannot be determined explicitly.

  • Encourages the instructor to assign and the student to solve problems that cannot be solved by the direct application of mathematics.

• The Excel Solver tool is explained and used throughout—Solves linear programming problems.

  • Allows the professor to bypass the Simplex method to develop linear programming problems that require more than two variables.

• Use of real-life situations in problems and pedagogy.

  • Encourages students to begin using their skills immediately in the real world. Shows students the relevance of the concepts and skills learned.