Financial Mathematics: Theory and Practice

May 7, 2012|
Financial Mathematics: Theory and Practice by Robert Brown
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FINANCIAL MATHEMATICS: THEORY AND PRACTICE - Is an alternative approach to the teaching and learning of Financial Mathematics. The authors have a combined 68 years of teaching experience in Actuarial Science, but, in particular, Financial Mathematics. This text is designed to provide readers with a general approach to understanding financial mathematics with respect to a wide range of financial transactions including annuities, mortgages personal loans, bonds and some limited knowledge of advanced topics such as duration and immunization. The textbook presumes knowledge at least equivalent to an introductory course in Calculus. As a result, the problems are posed where solutions may require the use of derivatives and/or integrals, and a comfort with exponents and logarithms. The textbook acknowledges the existence of modern financial calculators and spreadsheets and uses these technologies where appropriate. However, in each and every instant, the goal is to have the student be equipped to understand each solution from fundamental principles.
Preface ix The Time Value of Money 1 Section 1.1 Accumulation and Amount Functions 2 Section 1.2 The Effective Rate of Interest 5 Section 1.3 Simple Interest 6 Section 1.4 Compound Interest 11 Section 1.5 Present Value 14 Section 1.6 Discount 17 Section 1.7 Nominal Rates of Interest and Discount 21 Section 1.8 Forces of Interest and Di...
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Title:Financial Mathematics: Theory and Practice
Format:Paperback
Product dimensions:9.9 X 8 X 0.5 in
Shipping dimensions:9.9 X 8 X 0.5 in
Published:May 7, 2012
Publisher:McGraw-Hill Education
Language:English
Appropriate for ages:All ages
ISBN - 13:9781259033803

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