AN INTRODUCTION TO THE MATHEMATICS OF MONEY

This is an undergraduate textbook on the basic aspects of personal savings and investing with a balanced mix of mathematical rigor and economic intuition. It uses routine financial calculations as the motivation and basis for tools of elementary real analysis rather than taking the latter as given. Proofs using induction, recurrence relations and proofs by contradiction are covered. Inequalities such as the Arithmetic-Geometric Mean Inequality and the Cauchy-Schwarz Inequality are used. Basic topics in probability and statistics are presented. The student is introduced to elements of saving and investing that are of life-long practical use. These include savings and checking accounts, certificates of deposit, student loans, credit cards, mortgages, buying and selling bonds, and buying and selling stocks.

CONTENTS

Preface
1. Simple Interest
2. Compound Interest
3. Inflation and Taxes
4. Annuities
5. Loans and Risks
6. Amortization
7. Credit Cards
8. Bonds
9. Stocks and Stock Markets
10. Stock Market Indexes, Pricing, and Risk
11. Options
Appendix
Answers
References
Index

Páginas : 312
Peso : 2mb.
Formato : PDF.
Edición : Primera
Año de Publicación :2006
ISBN : 978-0387344324
Editorial : Springer
Autor David Lovelock, Marilou Mendel, Arthur L. Wright