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Fundamentals of Actuarial Mathematics

Fundamentals of Actuarial Mathematics
Fundamentals of Actuarial Mathematics
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  • Provides a comprehensive coverage of both the deterministic and stochastic models of life contingencies, risk theory, credibility theory, multi-state models, and an introduction to modern mathematical ?nance.
  • New edition restructures the material to ?t into modern computational methods and provides several spreadsheet examples throughout.
  • Covers the syllabus for the Institute of Actuaries subject CT5, Contingencies
  • Includes new chapters covering stochastic investments returns, universal life insurance. Elements of option pricing and the Black-Scholes formula will be introduced.