Financial Mathematics: Fundamental Concepts
| Autor: | Lozano Gutiérrez, María del Carmen, Ramón Llorens, María del Camino |
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| Rok vydání: | 2017 |
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| Zdroj: | Repositorio Digital de la Universidad Politécnica de Cartagena Universidad Europea (UEM) |
| Popis: | This manual, which is the fruit of our teaching experience, is a tool designed to serve as an aid and supplement for our students to facilitate understanding and development of the Mathematics of Financial Transactions. This work includes the basic subject matter required to successfully study Financial Mathematics. All chapters are accompanied by a sufficient number of solved exercises to enable students to get to grips with the subject matter. A total of 151. The subject matter is divided into three parts: Part one covers topics 1 to 5 and develops the main laws governing finance and their interrelationship: capitalisations, discounts, financial equivalence, etc., with 75 solved exercises. The second part covers topics 6 to 8 and deals with financial income in detail and great depth. Emphasis is placed on the study of variable income, focusing on "income by annual blocks". This calculation technique enables the student to perform any income analysis. This part contains 58 solved exercises. The third part is devoted to loans (topics 9 and 10), mainly analysing steady income loans, as well as the constitution transaction associated with the American amortization method. Regarding steady income loans, this part deals mainly with the French or progressive amortization method and the German or prepaid interest method. Part three also covers leasing transactions as an extension of the French method. This part contains 18 solved exercises. We are aware that the content of this book is basic and that there are a lot of topics from the subject that it does not cover. However, we have written it for the purpose of providing support for our bilingual students in the subject of Financial Mathematics. At the end of the manual there is an appendix which deals with the mathematical developments of the subject. |
| Databáze: | OpenAIRE |
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