£47.91

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£48 today · all-time low £46 (Aug 2026) · usually £48

Cambridge University Press The Calculus of Retirement Income: Financial Models for Pension Annuities and Life Insurance

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£48.00 £46.34 £46.70 £47.06 £47.43 £47.79 £48.15 25 July 2026 12 August 2026 31 August 2026 18 September 2026 07 October 2026
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Price levels: 2 different prices over 75 days

Description

This 2006 book introduces and develops the basic actuarial models and underlying pricing of life-contingent pension annuities and life insurance from a unique financial perspective. The ideas and techniques are then applied to the real-world problem of generating sustainable retirement income towards the end of the human life-cycle. The role of lifetime income, longevity insurance, and systematic withdrawal plans are investigated in a parsimonious framework. The underlying technology and terminology of the book are based on continuous-time financial economics by merging analytic laws of mortality with the dynamics of equity markets and interest rates. Nonetheless, the book requires a minimal background in mathematics and emphasizes applications and examples more than proofs and theorems. It can serve as an ideal textbook for an applied course on wealth management and retirement planning in addition to being a reference for quantitatively-inclined financial planners.

Key Features

New

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Dispatch same day for order received before 12 noon

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Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
13 March 2006
Listed Since
05 February 2007

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