Mathematics of Interest Rates and Finance

Mathematics of Interest Rates and Finance

4 (2 ratings by Goodreads)
By (author)  , By (author) 

Free delivery worldwide

Available. Dispatched from the UK in 11 business days
When will my order arrive?

Description

For courses in Actuarial Mathematics, Introduction to Insurance, and Personal/Business Finance. This text presents the basic core of information needed to understand the impact of interest rates on the world of investments, real estate, corporate planning, insurance, and securities transactions. The authors presuppose a working knowledge of basic algebra, arithmetic, and percents for the core of the book: their goal is for students to understand well those few underlying principles that play out in nearly every finance and interest problem. There are several sections that utilize calculus and one chapter that requires statistics. Using time line diagrams as important tools in analyzing money and interest exercises, the text contains a great deal of practical financial applications of interest theory as well as its foundational definitions and theorems. It relies on the use of calculator and computer technology instead of tables; this approach frees students to understand challenging topics without wilting under labor-intensive details.show more

Product details

  • Hardback | 480 pages
  • 177.8 x 238.8 x 33mm | 884.52g
  • Pearson Education (US)
  • Pearson
  • Upper Saddle River, NJ, United States
  • English
  • New.
  • 0130461822
  • 9780130461827
  • 2,035,214

Table of contents

1. Simple Interest. 2. Discount Interest. 3. Compound Interest. 4. Ordinary Annuities. 5. Other Annuities Certain. 6. Debt Retirement Methods. 7. Investing in Stocks and Bonds. 8. Depreciation and Capital Budgeting. 9. Advanced Topics in Annuities. Appendix A: References and End Notes. Appendix B: Using Financial Calculators and Spreadsheets. Appendix C: Glossary. Appendix D: Answers to Odd-Numbered Exercises. Index. Serial Table: The Number of Each Day of the Year.show more

Rating details

2 ratings
4 out of 5 stars
5 50% (1)
4 0% (0)
3 50% (1)
2 0% (0)
1 0% (0)
Book ratings by Goodreads
Goodreads is the world's largest site for readers with over 50 million reviews. We're featuring millions of their reader ratings on our book pages to help you find your new favourite book. Close X