Financial Mathematics

A Computational Approach

Kevin Pereira, Naeemah Modhien, Karin Hunt (Autoren)

Media-Kombination

2019 | 2nd ed
Juta Academic
978-1-4851-0540-4 (ISBN)

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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.

Chapter 1: Simple and Compound Interest; Chapter 2: Nominal, Effective and Equivalent Effective Interest Rates; Chapter 3: Applications of Simple and Compound Interest; Chapter 4: Annuities; Chapter 5: Applications of Annuities to Savings I; Chapter 6: Applications of Annuities to Savings II; Chapter 7: Applications of Annuities to Loans I; Chapter 8: Applications of Annuities to Loans II; Chapter 9: Newton’s Method; Chapter 10: Cash Flow; Chapter 11: Continuous Compounding and Continuous Money Flow; Appendix A: Derivation of the Formula for Growing Annuities; Appendix B: Derivation of the Formulas for Balance Outstanding; Appendix C: Derivation of the Formula for Continuous Compounding

Erscheint lt. Verlag	15.11.2019
Verlagsort	Cape Town
Sprache	englisch
Gewicht	500 g
Themenwelt	Mathematik / Informatik ► Mathematik ► Finanz- / Wirtschaftsmathematik
ISBN-10	1-4851-0540-4 / 1485105404
ISBN-13	978-1-4851-0540-4 / 9781485105404
Zustand	Neuware