Financial Mathematics: A Computational Approach
Ebook ISBN: 9781485130666
Print ISBN: 9781485130659
Ebook ISBN: 9781485130666
Print ISBN: 9781485130659
Product Details:
Author(s):
Year Published:
2019
Edition
2nd Edition
Type:
Ebook | eBook
Language:
English
About this publication
This book introduces the fundamentals of financial mathematics. It begins with a discussion of simple and compound interest and then establishes the important concepts of effective and equivalent effective interest rates. Subsequent chapters discuss the applications of annuities to practical problems regarding the saving of money and repayment of loans. The notion of using net present value and internal rate of return to distinguish between two different investment opportunities is presented. The concluding chapters of the book take a brief look at the use of differential and integral calculus in financial mathematics. Each chapter includes numerous worked examples that are solved with the aid of a financial calculator where applicable.
Content
Interest / Benefit to
First year accountancy and commerce students.