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Theory of Interest
by Stephen Kellison
from McGraw-Hill/Irwin
Customer Reviews:
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Avg. Customer Rating: 3.5 / 5.0 
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Books 
I received the books very quickly. They were in great condition. I want to thank them for everything.
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Good, but could be shorter. Only to study for SOA exam FM 
This new edition has more exercises and, in general, better layout. BUT, it is poorly written. Kellison could have reviewed his methods to explain certain points which are a bit superficial or backed only with mathematics. Even though it has many references to real situations, they are far from being clear or helpful.
In conclusion, it is a book for quick reference abount basic financial mathematics and to prepare an exam (SOA Exam FM in particular). Not more. My four starts are supported by that: if... more info
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Best book I've found so far 
Kellison gets a lot of things right in this book. It's well-designed to reach a wide audience: people who are coming into finance as they are acquiring mathematical ability, as well as people with mathematical maturity who would like a clean, elegant treatment without a lot of pedantic material. There are some faults (but keep in mind I have the second edition and haven't seen the third edition which may or may not be a big improvement). In several places it is as though the editor has fallen asleep,... more info
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The very best there is for Exam FM 
A number of aspiring actuaries who attempt to pass the second exam (Exam FM: Financial Math) attempt to side step the reading of this over priced textbook and substitute it with study aides and other cram books. I would recommend that they refrain from doing so as this text is lucid, the exercises are quite comprehensive, and above all, the occasional examples are rather identical to the problems one can anticipate on the test. I took Exam FM recently and this is the only text i refered to, and i felt that... more info
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