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Financial Mathematics

Financial Mathematics

          
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About the Book

This book is unique in its comprehensive coverage of topics on mathematics for finance. The main objective of this book is to make the readers understand the mathematical concepts applicable in both banking and insurance sectors. It fulfills the needs of the students studying various courses such as MBA (Banking and Insurance), BBA (Banking and Insurance), MBA, M.Com., M.Com. (Banking), M.Com. (Insurance), B.Com. and etc. of various universities in India. Besides students, this book will be more useful to the corporate executives, especially from banking and insurance sectors. This book contains 27 chapters and every chapter includes illustrations and solved examples and self practice exercises. Answers to all problems in exercises are given at the end of each exercise. Much attention has been paid in the selection of examples and exercises throughout the book. Every example is explained comprehensively in a step - by - step manner. More emphasis is given in presenting the concepts and applications in such a way that the students can easily understand themselves and practice with variety of examples even without the help of a tutor. Some unique features of this book are Simple and easy to understand language An in-depth understanding of the subject Comprehensive coverage of topics Systematic arrangement of the chapters Large number of solved examples Analytical presentation of subject matterAbout the AuthorA. Lenin Jothi is a research scholar from Jamia Millia Islamia, Delhi, a central university and a faculty member of management at Kasturi Ram College of Higher Education, affiliated to GGSIP University, Delhi. He has the master`s degree in management (MBA) from Bharathidasan University, Tamil Nadu. He has 4 years of industry experience and 7 years of academic experience. He has rich experience in management education and research. He has been teaching Financial Mathematics, Quantitative Techniques, Marketing Research, and various subjects on Insurance. A. Lenin Jothi has also been associated with reputed management institutes as a visiting faculty. Reading, writing and teaching always remained his main passion. A. Lenin Jothi has to his credit developed books on the following subjects for both MBA and PGDIM (Insurance Management) students of different Indian universities: Life and Group Insurance, Insurance Principles and Practices, Risk and Treasury Management, Insurance Law, Principles and Practice of Life Insurance, and Principles and Practice of General Insurance.Table of ContentsPermutation and Combination Logarithm Simple Interest Compound Interest Nominal and Effective Rates of Interest Equation of Value Discount Depreciation Bills of Exchange Immediate Annuity Annuity Due Deferred Annuity Perpetuity and General Annuity Amortisation of Loan Sinking Fund Leasing, Capital Expenditure and Bond Theory of Probability Construction of Mortality Table A Complete Mortality Table Probabilities on Survival and Death Well-known Mortality Tables Rate-making in Insurance Determination of Net Single Premium Determination of Net Level Premium Determination of Premium for Annuity Plans Determination of Gross Premium Credibility Theory APPENDICE Table I : Logarithm Tables Table II : Amount of Re. 1 at Compound Interest Table III : Present Value of Re. 1 at Compound Interest Table IV : Amount of an Annuity of Re. 1 Table V : Present Value of an Annuity of Re. 1 Table VI : Value of ex and e-x Table VII : LIC (1970 - 73) Ultimate Table Table VIII : Hm Table (Makeham Graduation) Table IX : Area under the Standard Normal Curve


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Product Details
  • ISBN-13: 9788184885859
  • Publisher: Himalaya Publishing House
  • Binding: Paperback
  • ISBN-10: 8184885857
  • Publisher Date: 2011
  • Language: English

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