Mathematical Interest Theory (Mathematical Association of America Textbooks)
This is an excellent book on interest theory, one of the four book recognized by the Society of Actuaries and Casualty Acruarial Society as a basis of study for the interest theory component of their joint FInancial Mathematics (FM) exam. What I particularly like about Mathematical Interest Theory is that many problems are intrinsically multi-stepped requiring use of several core functions. By providing a multitude of superior problems, the authors are able to familiarize the student not only with core actuarial function, but also develop their skills in studying the interaction between these functions and real-world problems. --Russell Jay Hendel, UMAP JournalStudents pursuing an actuarial career as well as those seeking a mathematically based finances course stand to benefit from this informative, up-to-date, and above all, skillfully written treatise. Instructors and students of interest theory owe Daniel and Vaaler a debt of gratitude for their fine efforts. --Susan Staples, Texas Christian University