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An Introduction to the Mathematics of Money : Saving and Investing /

Contributor(s): Lovelock, David [editor.] | Mendel, Marilou [editor.] | Larry Wright, A [editor.] | SpringerLink (Online service).
Material type: materialTypeLabelBookPublisher: New York, NY : Springer New York, 2007.Description: XII, 300 p. 67 illus. online resource.Content type: text Media type: computer Carrier type: online resourceISBN: 9780387681115.Subject(s): Mathematics | Business | Management science | Economics, Mathematical | Macroeconomics | Mathematics | Quantitative Finance | Business and Management, general | Macroeconomics/Monetary Economics//Financial EconomicsDDC classification: 519 Online resources: Click here to access online
Contents:
Simple Interest -- Compound Interest -- Infiation and Taxes -- Annuities -- Loans and Risks -- Amortization -- Credit Cards -- Bonds -- Stocks and Stock Markets -- Stock Market Indexes, Pricing, and Risk -- Options.
In: Springer eBooksSummary: 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. The book is self contained and accessible. The authors follow a systematic pattern for each chapter including a variety of examples and exercises ensuring that the student deals with realities, rather than theoretical idealizations. It is suitable for courses in mathematics, investing, banking, financial engineering, and related topics.
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Item type Current location Call number Status Date due Barcode Item holds
E books E books PK Kelkar Library, IIT Kanpur
Available EBK9189
Total holds: 0

Simple Interest -- Compound Interest -- Infiation and Taxes -- Annuities -- Loans and Risks -- Amortization -- Credit Cards -- Bonds -- Stocks and Stock Markets -- Stock Market Indexes, Pricing, and Risk -- Options.

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. The book is self contained and accessible. The authors follow a systematic pattern for each chapter including a variety of examples and exercises ensuring that the student deals with realities, rather than theoretical idealizations. It is suitable for courses in mathematics, investing, banking, financial engineering, and related topics.

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