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SUITABLE FOR
• undergraduate and postgraduate commerce or business students
• ITC and APC candidates
• practising accountants
• internal and independent auditors
• business managers, corporate finance practitioners, strategists and analysts.
Financial Mathematics
A computational approach
DA YOUNG
This text covers the topics of simple and compound interest with applications to loans, savings and retirement annuities. The aim is to demonstrate the Mathematics required to solve problems and compute the value of payments, interest rates, balance outstanding on a loan, final payments, interest and principal portions of payments etc. Anyone wishing to learn about how loans are calculated and adjustments made for different interest rates, changes in interest rates, missed payments, etc. will benefit from this book.
ABOUT THE AUTHOR
The late Derrick Young authored this text while developing the Computational Maths I course for Commerce and Accounting first-year students at the University of the Witwatersrand. Young was an experienced Mathematics teacher who used innovative methods to solve the problem of teaching to large numbers of students with minimal teaching staff. Lectures were televised and the free staff time was used instead for availability to students at ‘drop-in’ tutorials where individual attention could be given to students. Young pioneered the use of multiple-choice testing in the university writing the programs required to mark the tests himself. This enabled the staff to administer frequent assessments to a large number of students which helped the students keep up with their work and monitor their progress thus increasing the past rate in the course substantially.
SUITABLE FOR
First-year university students studying Commerce, Economics and Finance.
978 0 70212 959 9 2015
128 PAGES
ZAR R203.00
JUTA BUSINESS CATALOGUE | 2018/2019
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