Introduction to Actuarial Science (Classic Reprint)

Book excerpt: Excerpt from Introduction to Actuarial Science In the more comprehensive meaning Of the term, actuarial science includes an expert knowl edge Of the principles of compound interest as well as the laws Of insurance probabilities. Pub lic accountants, however, are usually interested only in the interest phases of actuarial science, leaving the application Of the laws of insurance probabilities to the actuary, who ascertains the measurement Of risks and establishes tables of rates. This discussion of actuarial science will, therefore, be -restricted to the phases thereof which deal with compound interest. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.