An Introduction to the Mathematics of Finance provides a simple, nonmathematical introduction to the mathematics of finance. Topics discussed in this book include simple interest; compound interest—annual compounding; annuities—certain; use of compound interest; and sinking funds. The equations of value; compounding more frequently than annually; and contracts at ""flat"" rates of interest are also deliberated. This text likewise elaborates on the loans repayable by equal annual installments when interest is charged only on the amount of principal from time to time outstanding. Exercises are provided at the end of each chapter, including its corresponding solutions. This publication provides a working knowledge of the mathematics of finance that is helpful to accountants, economists, investment officers, and demographers.
Chapter One Simple Interest Chapter Two Compound Interest - Annual Compounding Chapter Three Annuities—Certain Chapter Four The Use of Compound Interest Tables Chapter Five Loans Repayable by Equal Annual Installments When Interest is Charged Only on the Amount of Principal from Time to Time Outstanding Chapter Six Sinking Funds Chapter Seven Equations of Value Chapter Eight Compounding More Frequently than Annually Chapter Nine Contracts at "Flat" Rates of Interest Solutions to Exercises Appendix I Tests on Chapters One to Five Tables Compound Interest Tables at Rates Interest from ½ Percent to 20 Percent
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- © Pergamon 1968
- 1st January 1968
- eBook ISBN: