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Books > Science & Mathematics > Mathematics > Applied mathematics
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Financial, Commercial, and Mortgage Mathematics and Their Applications, 2nd Edition (Hardcover, 2nd Revised edition)
Loot Price: R3,248
Discovery Miles 32 480
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Financial, Commercial, and Mortgage Mathematics and Their Applications, 2nd Edition (Hardcover, 2nd Revised edition)
Expected to ship within 10 - 15 working days
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Ideal for college students in intermediate finance courses, this
book uniquely applies mathematical formulas to teach the
underpinnings of financial and lending decisions, covering common
applications in real estate, capital budgeting, and commercial
loans. An updated and expanded version of the time-honored classic
text on financial math, this book provides, in one place, a
complete and practical treatment of the four primary venues for
finance: commercial lending, financial formulas, mortgage lending,
and resource allocation or capital budgeting techniques. With an
emphasis on understanding the principles involved rather than blind
reliance on formulas, the book provides rigorous and thorough
explanations of the mathematical calculations used in determining
the time value of money, valuation of loans by commercial banks,
valuation of mortgages, and the cost of capital and capital
budgeting techniques for single as well as mutually exclusive
projects. This new edition devotes an entire chapter to a method of
evaluating mutually exclusive projects without resorting to any
imposed conditions. Two chapters not found in the previous edition
address special topics in finance, including a novel and innovative
way to approach amortization tables and the time value of money for
cash flows when they increase geometrically or arithmetically. This
new edition also features helpful how-to sections on Excel
applications at the end of each appropriate chapter. Lays the
foundation of all the topics that are typically covered in a
financial management textbook or class Demonstrates how the mastery
of a few basic concepts-such as the time value of money under all
possible situations-allows for a precise understanding of more
complex topics in finance Describes how all advanced capital
budgeting techniques can be reduced to the simplest technique-the
payback period method Examines traditional financial techniques
using simple interest rate and accounting rate of return methods to
conclusively show how these practices are now defunct
General
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