Save up to 30% on Elsevier print and eBooks with free shipping. No promo code needed.
Save up to 30% on print and eBooks.
An Introduction to the Mathematics of Finance
1st Edition - January 1, 1989
Authors: J J McCutcheon, W F Scott
Language: English
0
There is a concise but thorough treatment of the basic compound interest functions, nominal rate of interest, and the yield (or internal rate of return) and there are many examples…Read more
Purchase options
LIMITED OFFER
Save 50% on book bundles
Immediately download your ebook while waiting for your print delivery. No promo code is needed.
There is a concise but thorough treatment of the basic compound interest functions, nominal rate of interest, and the yield (or internal rate of return) and there are many examples on discounted cash flow. Also discussed are applications of the theory to capital redemption policies (with allowance for income tax, capital gains tax and index-linking), and consumer credit calculations. The final chapter provides a simple introduction to stochastic interest rate models.
Preface; Theory of interest rates; The basic compound interest functions; Nominal rates of interest: annuities payable pthly; Discounted cash flow; Capital redemption policies; The valuation of securities; Capital gains tax; Cumulative sinking funds; Yield curves, discounted mean terms, matching, and immunization; Consumer credit; An introduction to stochastic interest rate models; Index.