Mathematics of Finance

5 Rev ed
ISBN: 978-0-07-087135-9
Verlag: McGraw-Hill Education - Europe

Buch, Englisch, 368 Seiten, Format (B × H): 200 mm x 248 mm, Gewicht: 884 g

Zima and Brown continue to identify a generic approach to problem solving with a wide range of interest rates within the problems presented in the text. They also provided the following set of pedagogical and financial tools. This text emphasizes the point that the most important aspect for the student is to be able to visualize the problem. Timeline diagrams help the student to determine how to solve the problem from first principles.They emphasize the use of calculators and Excel spreadsheets (solutions provided where appropriate) in problem-solving techniques, and include Internet-based resources and tools.Exercises for each topic in the text are stratified into fundamental learning exercises in Part A, and more challenging and theoretical problems in Part B. Each chapter closes with the Summary and Review Exercises, and, in many chapters, the Review Exercises include one or more Case Studies presenting more complex real-world problems.

Autoren/Hrsg.

Zima, Petr

Brown, Robert

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein

Inhaltsverzeichnis

Chapter 1: Simple Interest and Simple DiscountChapter 2: Compound Interest and Compound DiscountChapter 3: Simple AnnuitiesChapter 4: General and Other AnnuitiesChapter 5: Amortization Method and Sinking FundsChapter 6: BondsChapter 7: Business Decisions, Capital Budgeting and DepreciationChapter 8:Contingent PaymentsChapter 9: Life Annuities and Life InsuranceAppendix 1 Exponents and LogarithmsAppendix 2 ProgressionsAppendix 3 Linear InterpolationGlossary of TermsCanadian Institute of Actuaries, 1986-92 Mortality TableAnswers to ProblemsIndex

Über Autor(innen)

Zima, Petr
Professor Petr Zima is an adjunct faculty in the Department of Statistics and Actuarial Science at the University of Waterloo and teaches courses in mathematics of investment and finance. Professor Zima received his RNDr degree from Charles University in Prague in 1963 and Dipl Ing degree from the Prague School of Economics in 1968. Since 1968 he served on the faculties of Conestoga College in Kitchener, Wilfrid Laurier University in Waterloo, and University of Waterloo. He is an author and co-author of several textbooks in business mathematics, mathematics of finance, and operations research, published in Canada, U.S.A., Australia, Brazil, Singapore, Hungary, Thailand, and Italy.

Brown, Robert
Rob Brown graduated from the University of Waterloo in 1971 with a BMath degree. He added a MA in Gerontology in 1994 (Waterloo) and a PhD (Gerontology) from Simon Fraser University in 1997. Rob is a Fellow of the Canadian Institute of Actuaries, a Fellow of the Society of Actuaries, and an Associate of the Casualty Actuarial Society. Professor Brown was President of the Canadian Institute of Actuaries in 1990/91 and served on the Board of Governors of the Society of Actuaries from 1992 to 1996. From 1997-99, he was SoA Vice-President and in 1999, Rob was elected President-elect of the Society of Actuaries (his term as SoA President will run from October 2000 to October 2001). Rob Brown is presently Professor of Actuarial Science and Director of the Institute of Insurance and Pension Research at the University of Waterloo.