University Press of America

Pages: 402
•
Trim: 5½ x 8¼

978-0-7618-2622-4 • Paperback • July 2003 • $93.99 • (£72.00)

**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