Models for Actuarial Science and the Cost of Money

Dimitris N. Chorafas

Chapter 6 in Modelling the Survival of Financial and Industrial Enterprises, 2002, pp 113-134 from Palgrave Macmillan

Abstract: Abstract Both in banking and in insurance the time value of money is an important concept as well as a basic element for decisions concerning discounted cash flows, investments, debt, payments, and other issues. The calculation of actuarial present value is a practical example of the importance of time value of money and its calculation through the use of mathematical models. Three notions are underpinning the time value of money:

Keywords: Interest Rate; Cash Flow; Credit Risk; Future Cash Flow; Possibility Theory (search for similar items in EconPapers)
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50173-7_6

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DOI: 10.1057/9780230501737_6

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