Bộ sách luyện thi ETS 2023 LC&RC
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A user-friendly presentation of the essential
concepts and tools for calculating real costs and profits in personal
finance
Understanding the Mathematics of Personal Finance explains
how mathematics, a simple calculator, and basic computer spreadsheets
can be used to break down and understand even the most complex loan
structures. In an easy-to-follow style, the book clearly explains the
workings of basic financial calculations, captures the concepts behind
loans and interest in a step-by-step manner, and details how these steps
can be implemented for practical purposes. Rather than simply providing
investment and borrowing strategies, the author successfully equips
readers with the skills needed to make accurate and effective decisions
in all aspects of personal finance ventures, including mortgages,
annuities, life insurance, and credit card debt.
The book begins
with a primer on mathematics, covering the basics of arithmetic
operations and notations, and proceeds to explore the concepts of
interest, simple interest, and compound interest. Subsequent chapters
illustrate the application of these concepts to common types of personal
finance exchanges, including:
Loan amortization and savings
Mortgages, reverse mortgages, and viatical settlements
Prepayment penalties
Credit cards
The book provides readers with the tools needed to calculate real costs
and profits using various financial instruments. Mathematically
inclined readers will enjoy the inclusion of mathematical derivations,
but these sections are visually distinct from the text and can be
skipped without the loss of content or complete understanding of the
material. In addition, references to online calculators and instructions
for building the calculations involved in a spreadsheet are provided.
Furthermore, a related Web site features additional problem sets, the
spreadsheet calculators that are referenced and used throughout the
book, and links to various other financial calculators.
Understanding the Mathematics of Personal Finance is an excellent book
for finance courses at the undergraduate level. It is also an essential
reference for individuals who are interested in learning how to make
effective financial decisions in their everyday lives.
Thể loại:Mathematics
Năm:2009
Ngôn ngữ:english
Trang:262
