ISBN-10:
076182622X
ISBN-13:
9780761826224
Pub. Date:
07/01/2003
Publisher:
UPA
Financial Literacy: Introduction to the Mathematics of Interest, Annuities, and Insurance / Edition 402

Financial Literacy: Introduction to the Mathematics of Interest, Annuities, and Insurance / Edition 402

by Kenneth Kaminsky

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Product Details

ISBN-13: 9780761826224
Publisher: UPA
Publication date: 07/01/2003
Edition description: 402nd ed.
Pages: 402
Product dimensions: 5.54(w) x 8.14(h) x 1.23(d)

About the Author

Kenneth Kaminsky is Professor of Math, Augsburg College, Minnesota.

Table of Contents

Chapter 1 Preface Chapter 2 Part I- Payments Certain: Chapter 3 Variations on the Theme An = P(1 + i) n: Some General Principles of Compound Interest: Preliminaries; Introduction to Compound Interest; Time Diagrams, Equations of Value, and Focal Dates; Depreciation; Summary of Formulas Chapter 4 Mixing it Up: Nominal Rages of Interest, Multiple Deposits and withdrawals, and More: Nominal Rates; Multiple Deposits/Withdrawals; A More General Look at Equations of Value and Focal Dates; Effective Rates; Equivalent rates; Comparing Nominal Rate Chapter 5 Introduction to Annuities: Regular Annuities and Geometric Sums; A General Formula for Regular Annuities; Rates of Change and Average Rates of Change; Summary of Formulas Chapter 6 More General Annuities: Non-Regular Annuities; Annuities Whose Payments Increase/Decrease by a Fixed Percentage; Perpetuities; Perpetuities Increasing or Decreasing by a Fixed Percentage; Another Application of Annuities- Bonds; Summary of Formulas Chapter 7 Amortization and Sinking Funds: Introduction; Amortization and Outstanding Principal; Amortization Schedules; Sinking Fund Schedules; Yield Rates; Summary of Formulas Chapter 8 Part II- Life Contingencies: Chapter 9 Probability & The Mortality Table: What is Probability?; The Mortality Table; Probability Distributions for Ages at Death; Average Value of a Variable; The Force of Mortality; Summary of Formulas Chapter 10 Life Annuities: Introduction; Pure Endowments; Life Annuities; Annuities with Payments Increasing/Decreasing by a Fixed Percentage; Summary of Formulas Chapter 11 Life Insurance: Introduction; How Life Insurance Works; A General Formula for the Net Single Premium for Life Insurance; Policies with Benefits Increasing/Decreasing by a Fixed Percentage; Summary of Formulas Chapter 12 Loose Ends: Reserves & Gross Premiums: Introduction; Reserves; Gross Premiums; Summary of Formulas Chapter 13 Review Problems with Solutions Chapter 14 Chapter Key for Review Problems Chapter 15 Tables I-IV Chapter 16 Answers to Most Exercises Chapter 17 Bibliography Chapter 18 About the Author Chapter 19 Index

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