A Spiral Approach to Financial Mathematics - 1st Edition - ISBN: 9780128015803

A Spiral Approach to Financial Mathematics

1st Edition

Authors: Nathan Tintle Nathan Schelhaas Todd Swanson
Paperback ISBN: 9780128015803
Imprint: Academic Press
Published Date: 1st June 2018
Page Count: 752
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Description

Emphasizing financial mathematics literacy, A Spiral Approach to Interest Theory and Financial Economics uses a spiral technique that foregrounds an intuitive analysis of data and financial situations. It introduces major financial concepts through real data from real financial situations, integrating expositions and examples with Excel spreadsheets and BA-II PLUS calculator instructions. Organized so sections can be read independently of each other, its table of contents introduces major financial concepts early, then revisits them to maximize exposure and increase retention. Combining interest theory and financial economics in a single volume, progressively presenting connections between the two, A Spiral Approach to Interest Theory and Financial Economics offers a modern approach that eliminates stultifying and time-consuming calculation without underestimating the ability of readers or impairing their understanding of the material.

Key Features

  • All FM Exam topics appear in the same book
  • Excel spreadsheets and BA-II PLUS calculator instructions enable the execution of financial transactions
  • Spiral pedagogical strategy accentuates key concepts, reinforcing intuitive learning

Readership

Upper-division undergraduates worldwide seeking an introduction to financial mathematics with a professional goal of actuarial studies; professionals and others who want to learn interest theory and financial economics

Table of Contents

1. I Want It! (But I Don’t Have the Money): Introduction to Loans
2. Introduction to Financial Commodities and Investment Strategies
3. Introduction to Annuities
4. Present and Future Value at Any Time: Cash Flows
5. Options, Forwards and Futures
6. Interest Theory Revisited
7. Hedging, Swaps, and Investment Strategies Revisited
8. Duration, Convexity, and Immunization
9. Options and Derivatives Revisited
10. Annuities Revisited
11. Stocks and Bonds Revisited
12. Loans Revisited

Details

No. of pages:
752
Language:
English
Copyright:
© Academic Press 2018
Published:
Imprint:
Academic Press
Paperback ISBN:
9780128015803

About the Author

Nathan Tintle

Nathan Tintle has published about statistics in in genetic epidemiology, psychology, and statistics education. Among other honors, in 2012 he won the Best Paper Award from the Journal of Statistics Education, and in 2005 he took hom the Woo Jong Kim Dissertation Prize from the State University of New York, Stony Brook.

Affiliations and Expertise

Department of Mathematics, Dordt College, Sioux Center, IA, USA

Nathan Schelhaas

Nate Schelhaas is an Fellow of the Society of Actuaries and Member of the American Academy of Actuaries who works for the Principal Financial Group in Des Moines, IA. In his 16 year career, Nate has held various positions with Principal. He currently serves as the CFO for the individual life operations. From 2009 – 2011 Nate oversaw the actuarial training program at the Principal where he was responsible for helping actuarial students navigate the exam system and their careers

Affiliations and Expertise

Principal Financial Group, Des Moines, IA, USA

Todd Swanson

Todd Swanson is a member of the mathematics department at Hope College in Holland, Michigan, where he's been teaching since 1989. He predominantly teaches introductory courses in mathematics and statistics, and has coauthored six textbooks. Prof. Swanson has presented at numerous national meetings, workshops and mini-courses on innovative ways to teach mathematics and statistics that focus on guided-discovery methods and projects. He has received awards for teaching, writing, and mentoring students and his work has been funded by the National Science Foundation, the Great Lakes College Association, the Howard Hughes Medical Institute, the Teagle Foundation, and Hope College.

Affiliations and Expertise

Hope College, Holland, Michigan, USA