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Mathematics Of Investment And Credit [Paperback]

Samuel A. Broverman (Author)

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First Sentence
Almost everyone, at one time or another, will be a saver, borrower, or investor, and will have access to insurance, pension plans, or other financial benefits. Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Amazon.com: 3.6 out of 5 stars  9 reviews
15 of 16 people found the following review helpful
4.0 out of 5 stars Useful source of problems Aug 10 2003
By M. Tuchman - Published on Amazon.com
Format:Paperback
An excellent supplement to the interest theory portion of the course 2 actuarial examination. Provides many problems and more thorough mathematical explanations of many of the concepts. Some are more detailed than required for understanding of the exam syllabus, but it is still worthwhile to work as many problems as time permits.

I liked the explanations of some concepts better than the standard text for this course (Kellison), but a linear reading of this material would take too much study time away from other topics.

Conclusion: Use as supplemental material, but very useful nonetheless.

9 of 10 people found the following review helpful
1.0 out of 5 stars Typical Actex textbook. Jan 17 2008
By Genevieve Hayes - Published on Amazon.com
Format:Paperback
Like all of the Actex texts that I have seen, "Mathematics of Investment and Credit" is cheaply produced and poorly presented. It covers all of the main areas of financial math: interest rates, annuities, bonds etc, and with worked examples, but even with the examples, I found the material to be poorly explained and often difficult to comprehend. There is a reasonably large number of exercises in this text. However, presumably because Actex also sells a solutions manual to accompany this book, the solutions are only given to selected questions and no working is provided.

This is the textbook that was prescribed when I took Financial Mathematics at university. At the time, I found this book so difficult to follow that I ended up buying a second financial math text, Theory of Interest, and working from that instead. Without that second book, I don't think I would have done nearly as well in that unit.
3 of 3 people found the following review helpful
3.0 out of 5 stars M494 or FM 2 Exam preparer Jun 12 2011
By Vero - Published on Amazon.com
Format:Paperback|Amazon Verified Purchase
This textbook will prepare you for the FM 2 exam. I say prepare because the exercises in this tb are not equivalent to the hardness of the actual questions on the exam. If you really want to pass the exam (besides MEMORIZING THE BOOK), do seek other resources..
besides that, cht 9 solutions are all wrong. Cht 6, 7, and 8 has some wrong and incomplete solutions. The newer edition (4th) also has the same errors.

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