Introduction to the Mathematics of Finance

Author:
Arthur D. Tennick; J. J. McCutcheon
Format:
Hardcover

Now:R2,975.95
eBucks:eB29760

United States of America

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Introduction to the Mathematics of Finance

Long description

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.

Product details

Publisher:
BUTTERWORTH-HEINEMANN
ISBN:
9780750600927
Publication date:
January 1989
Length:
234mm
Width:
156mm
Thickness:
29mm
Weight:
839g
Pages:
480
Illustrations:
Illustrated
Readership:
Professional & scholarly
Illustrated:
Illustrated

Table of contents

  • 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

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Introduction to the Mathematics of Finance

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