Interest Theory and Its Applications

Author: Meng Shengwang Yuan Wei
Publisher:
Publish Date: 2001-09-01
Features: This book consists of two parts: the theoretical section and the applied section. The theoretical section introduces interest measurement tools such as interest rates, discount rates, force of interest, discount functions, and accumulation functions, and discusses the calculation of level annuities and varying annuities. The applied section explains the application of interest theory in areas such as investment income analysis, bond and stock value analysis, and interest rate risk management.