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Old 01-30-2018, 10:12 AM
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Default Mathematics of Investment & Credit New 7th Edition

Mathematics of Investment & Credit 7th Edition



Author: Samuel Broverman, Ph.D. ASA
Availability: In-Stock

View a 30+ page preview here


The Seventh Edition includes updates driven by the upcoming changes for the learning objectives for Exam FM, updated examples and exercises and some exposition improvements. There have been significant updates to the topics of duration and interest rate swaps.


Mathematics of Investment and Credit is a leading textbook covering the topic of interest theory.

It is the required or recommended text in many college and university courses on this topic, as well as for the SOA’s Exam FM.

This text provides a thorough treatment of the theory of interest, and its application to a wide variety of financial instruments. It emphasizes a direct-calculation approach to reaching numerical results, and uses a gentle, thorough pedagogic style.

This text includes detailed treatments of the term structure of interest rates, forward contracts of various types, interest rate swaps, financial options, and option strategies. Key formulas and definitions are highlighted. Real world current events are included to demonstrate key concepts. The text contains a large number of worked examples and end-of-chapter exercises.

A separate solutions manual for the text is also available.
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