Exercise list 1

I uploaded an exercise list for you to solve some problems. You can download it here or find it in section: Exercises. I will solve some of them in the next lecture. We will then start a new topic on modelling of interest rates with some models from very simple ones to more sofisticated ones. The modelling of interest rates is highly important in life insurance, since one needs to compute present values of future cash-flows (with respect to (stochastic) interest rates, which will be the next topic.