"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...

Risk measures in finance and insurance -- Fixed-probability level in a diffusion model -- Fixed-probability level in an exceptional renewal model -- Implicit function defined by M-equation -- Fixed-probability level in general renewal model -- Case study : numerical evaluation of...