MATHEMATICS OF INTEREST RATES AND FINANCE GUTHRIE G., LEMON L. Księgarnia

For courses in Actuarial Mathematics, Introduction to Insurance, and Personal Finance.
This text presents the basic core of information needed to understand the impact of interest on the world of investments, real estate, corporate planning, insurance, and securities transactions. The authors presuppose a working knowledge of only basic algebra, arithmetic, and percents: their goal is for students to understand well those few underlying principles that play out in nearly every finance and interest problem. 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.

Features

Simple, comprehensive organization. Starts with the basics and slowly builds up to the more difficult concepts. Enables students to become competent problem-solvers, as they will easily succeed in understanding the text and the concepts presented.

Extensive use of time line diagrams. Provides these important tools for analyzing the money and interest exercises: a good time line often makes the needed steps and choice of a formula jump right out of the given information. Gives students the opportunity to use the time lines to organize and visualize the exercises presented.

Practical financial applications of interest theory provides students with a variety of exercises and examples that are realistic, and will help them with personal financial matters and investments as well as in their professional careers.

Calculator and computer technology. Relies on the use of the financial calculator and spreadsheets rather than tables. Frees students to enjoy challenging topics without getting bogged down in labor-intensive details.

The Fence Post Principle involves the numbering of payments; teaches students how to recognize certain scenarios and clue words that simplify the decision process. This gives students information about a principle that shows up in all walks of life, enabling them to understand the present value/future value issue.

The Golden Rule of Finance - Emphasizes that monies cannot be added or reconciled unless they are valued at the same point in time. This enables students to understand where on the time line the money should be, simplifying the concept so that they can pick the right mathematical tool to get there.

Flexible text can be adapted for use at several levels. Enables instructors to utilize the text for basic-level, intermediate-level, and advanced-level students.

Answer key shows students how the exercises are worked, not just a numerical answer.

Calculator appendix, helps students get up to speed quickly as they proceed through the text.

Available answer key for instructors, contains expanded exercises for the even-numbered exercises in the text. The solutions manual also includes sample tests. This aids instructors in forming their curriculum.

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.

466 pages

Po otrzymaniu zamówienia poinformujemy,
czy wybrany tytuł polskojęzyczny lub anglojęzyczny jest aktualnie na półce księgarni.