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1.2 Theory of Interest
1.2.1 Variable Interest Rates
1.2.2 Continuous-time Payment Streams
1.3 Exercise Set 1
1.4 Worked Examples
1.5 Useful Formulas from Chapter 1
2.1 More on Theory of Interest
2.1.1 Annuities & Actuarial Notation
2.1.2 Loan Amortization & Mortgage Reﬁnancing
2.1.3 Illustration on Mortgage Reﬁnancing
2.1.4 Computational illustration in Splus
2.1.5 Coupon & Zero-coupon Bonds
2.2. FORCE OF MORTALITY & ANALYTICAL MODELS 37
2.2 Force of Mortality & Analytical Models
2.2.1 Comparison of Forces of Mortality
2.3 Exercise Set 2
2.4 Worked Examples
2.5 Useful Formulas from Chapter 2
3.1 Interpreting Force of Mortality
3.2 Interpolation Between Integer Ages
Law of Large Numbers
3.3.1 Exact Probabilities, Bounds & Approximations
3.4 Simulation of Life Table Data
3.4.1 Expectation for Discrete Random Variables
3.4.2 Rules for Manipulating Expectations
3.5 Some Special Integrals
3.6 Exercise Set 3
3.7 Worked Examples
3.8 Useful Formulas from Chapter 3
4.1.1 Types of Insurance & Life Annuity Contracts
4.1.3 Formulas for Net Single Premiums
4.1.4 Expected Present Values for m= 1
4.2.1 Numerical Calculations of Life Expectancies
4.3 Exercise Set 4
4.4 Worked Examples
4.5 Useful Formulas from Chapter 4
5.1.1 Dependence Between Integer & Fractional Ages
5.1.2 Net Single Premium Formulas — Case (i)
5.1.3 Net Single Premium Formulas — Case (ii)
5.2 Approximate Formulas via Case(i)
5.5 Exercise Set 5
5.6 Worked Examples
5.7 Useful Formulas from Chapter 5
6.1 Idea of Commutation Functions
6.1.1 Variable-beneﬁt Commutation Formulas
6.1.2 Secular Trends in Mortality
6.2. RESERVE & CASH VALUE OF A SINGLE POLICY 153
6.2 Reserve & Cash Value of a Single Policy
6.2.1 Retrospective Formulas & Identities
6.2.2 Relating Insurance & Endowment Reserves
6.2.3 Reserves under Constant Force of Mortality
6.2.4 Reserves under Increasing Force of Mortality
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Actuarial Science

# Actuarial Science

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10/08/2011

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