Screen LibraryA spiral approach to financial mathematics /
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| Main Authors: | |
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| Corporate Authors: | |
| Group Author: | ; |
| Published: |
Academic Press, an imprint of Elsevier,
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| Publisher Address: | London, United Kingdom : |
| Publication Dates: | 2018. |
| Literature type: | eBook |
| Language: | English |
| Subjects: | |
| Online Access: |
https://www.sciencedirect.com/science/book/9780128015803 |
| Item Description: | Includes index. |
| Carrier Form: | 1 online resource (591 pages) |
| ISBN: |
9780128017593 0128017597 |
| Index Number: | HF5691 |
| CLC: | F224 |
| Contents: |
Front Cover; A Spiral Approach to Financial Mathematics; Copyright Page; Contents; Preface; Why the Changes in Content Sequencing?; What About Changes in Pedagogy?; Student Audience and How to Utilize the Materials; Students Hoping to Gain a Solid Understanding of Financial Mathematics Concepts; Students Hoping to Pass Actuarial Certification Exam FM; To All Students; To the Actuary Student; Unit 1 Introduction to Financial Mathematics; 1. Savings: Fundamentals of Interest; Section 1.1. Simple and compound interest; Learning objectives; Example 1.1. Saving Money to Study Abroad Interest over longer periodsExploration 1.1. Saving for Your First Car; Interest over longer periods; Turning to technology: Excel; Summary; Homework Questions: Section 1.1; Conceptual questions; Practice questions; Application questions; Looking ahead; Section 1.2. Changing the Compounding Period: Nominal vs Effective Interest Rates; Learning objectives; Example 1.2. Saving Money to Study Abroad (Revisited); Nominal versus effective interest rates; Back to the saving for study abroad example; Exploration 1.2. Saving for Your First Car (Revisited) Changing the period over which interest Is computedNominal versus effective interest rates; Back to the car example; Summary; Homework Questions: Section 1.2; Conceptual questions; Practice questions; Application questions; Looking ahead; Section 1.3. Valuing Accounts with Multiple Transactions; Learning objectives; Example 1.3. Saving for a Down Payment on a House; Basic account chart; Creating a dynamic account chart using Excel; What if you saved 900/month instead?; How much would you need to save each month to reach your goal within 18 months?; What about an extra deposit? Exploration 1.3. Saving for CollegeGetting started; Basic account chart for college savings; Begin filling in the account chart; Revisiting nominal rates of interest; Creating a dynamic account chart using Excel; Summary; Homework Questions: Section 1.3; Conceptual questions; Practice questions; Application questions; Looking ahead; Section 1.4. Tips and Tricks for Solving Cash Flow Problems; Learning objectives; Example 1.4. Saving for a Down Payment (Revisited); Nonrecursive approach; Evaluating the impact of a withdrawal; Irregular payments and withdrawals Problems involving an unknown interest rateProblems involving an unknown time period; Exploration 1.4. Saving for College (Revisited); Recursive approach; Nonrecursive approach; Irregular payments and withdrawals; Problems involving an unknown interest rate; Problems involving an unknown time period; Summary; Homework Questions: Section 1.4; Conceptual questions; Practice questions; Application questions; Looking ahead; End of chapter summary; End of chapter review problems; 2. Loans: Fundamentals of Borrowing and Lending; Section 2.1. Introduction to Loans; Learning Objectives |