University Press of America
Pages: 402
Trim: 5½ x 8¼
978-0-7618-2622-4 • Paperback • July 2003 • $98.99 • (£76.00)
Kenneth Kaminsky is Professor of Math, Augsburg College, Minnesota.
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