Classical financial mathematics : basic ideas, central formulas and terms at a glance / Bernd Luderer.

Format:

Book

Author/Creator:

Luderer, Bernd, author.

Series:

Essentials (Springer (Firm))

Springer essentials, 2731-3115

Language:

English

Subjects (All):

Business mathematics.

Physical Description:

1 online resource (ix, 51 pages) : illustrations, charts.

Edition:

1st ed. 2021.

Place of Publication:

Wiesbaden, Germany : Springer, [2021]

Summary:

This essential teaches basic formulas, methods and ideas of classical financial mathematics. Since classical financial mathematics makes do with elementary mathematical tools, any interested reader with average mathematical school knowledge can easily follow this text. The core of the text is the calculation of interest and compound interest, annuity calculation, amortization calculation and price calculation. A large number of practical examples illustrate the mathematical questions. This Springer essential is a translation of the original German 1st edition essentials, Klassische Finanzmathematik by Bernd Luderer, published by Springer Fachmedien Wiesbaden GmbH, part of Springer Nature in 2019. The translation was done with the help of artificial intelligence (machine translation by the service DeepL.com). A subsequent human revision was done primarily in terms of content, so that the book will read stylistically differently from a conventional translation. Springer Nature works continuously to further the development of tools for the production of books and on the related technologies to support the authors. The contents Linear and geometric interest Regular payments Present value and final value of an annuity Installment and annuity redemption The target groups First-year students of economics at universities and universities of applied sciences Teachers of mathematics, pupils The author Prof. Dr. Bernd Luderer taught at the Faculty of Mathematics at the Chemnitz University of Technology. He is the editor of the German-language series Studienbücher Wirtschaftsmathematik and author of numerous successful textbooks on business and financial mathematics.

Contents:

Introduction

Time is of the essence

How to pay interest?

By saving regularly to reach your goal

Pension bill - not only for pensioners

Rather be a debtor or creditor?

Short and long periods

Bonds, coupons and yields

The salt in the soup is the yield

What else is important.

Notes:

Includes bibliographical references.

ISBN:

9783658320386

3658320389

OCLC:

1284934690