<p/><br></br><p><b> About the Book </b></p></br></br>This book provides a thorough understanding of the fundamental concepts of financial mathematics essential for the evaluation of any financial product and instrument. Mastering concepts of present and future values of streams of cash flows under different interest rate environments is core for actuaries and financial economists. This book covers the body of knowledge required by the Society of Actuaries (SOA) for its Financial Mathematics (FM) Exam. The third edition includes major changes such as an addition of an R Laboratory section in each chapter, except for Chapter 9. These sections provide R codes to do various computations, which will facilitate students to apply conceptual knowledge. Additionally, key definitions have been revised and the theme structure has been altered. Students studying undergraduate courses on financial mathematics for actuaries will find this book useful. This book offers numerous examples and exercises, some of which are adapted from previous SOA FM Exams. It is also useful for students preparing for the actuarial professional exams through self-study.<p/><br></br><p><b> Book Synopsis </b></p></br></br>Understanding Singapore Politics, Second Edition, aims to present a structural-functional understanding of politics in Singapore. This textbook provides a foundational knowledge of Singapore's politics by discussing key topics including the country's history, political and party systems, role of parastatal organisations, nation building, political leadership, electoral politics, hot-button national issues and the role of Lee Kuan Yew in Singapore politics. Recommended for anyone who has an interest or a stake in the island republic, this introductory text provides insights on what drives, shapes and influences Singapore's politics and explains the political behaviour of Singaporeans.
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