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Synopsis
Assuming an undergraduate-level background in calculus and probability theory, Gupta (Bowling Green State U., Ohio) and Varga (National Pension Insurance Fund, Budapest, Hungary) present a rigorous mathematical introduction to the actuarial math of life insurance. Chapters cover the basic concepts of financial math with an emphasis on interest, mortality theory, types of life insurance, premium calculations, and reserves. Includes solved examples illustrating applications of the theory presented, and problems with a partial answer key. Appends compound interest tables and a mortality table. Indexed by symbol and subject. Suitable for either a one-semester or one-year college course per the authors. Annotation (c)2003 Book News, Inc., Portland, OR