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Author Lovelock, David, 1938-

Title An introduction to the mathematics of money : saving and investing / David Lovelock, Mendel Marilou, A. Larry Wright
Published New York : Springer, ©2007


Description 1 online resource (xi, 294 pages) : illustrations
Contents Preface -- Interest -- Simple -- Interest -- Compound -- Inflation and Taxes -- Annuities -- Loans and Risks -- Amortization -- Credit Cards -- Bonds -- Stocks and Stock Markets -- Stock Market Indexes, Pricing, and Risk -- Options -- Appendix: Induction, Recurrence Relations, Inequalities -- Appendix: Statistics -- Answers -- References -- Index
Summary This is an undergraduate textbook on the basic aspects of personal savings and investing with a balanced mix of mathematical rigor and economic intuition. It uses routine financial calculations as the motivation and basis for tools of elementary real analysis rather than taking the latter as given. Proofs using induction, recurrence relations and proofs by contradiction are covered. Inequalities such as the Arithmetic-Geometric Mean Inequality and the Cauchy-Schwarz Inequality are used. Basic topics in probability and statistics are presented. The student is introduced to elements of saving and investing that are of life-long practical use. These include savings and checking accounts, certificates of deposit, student loans, credit cards, mortgages, buying and selling bonds, and buying and selling stocks. The book is self contained and accessible. The authors follow a systematic pattern for each chapter including a variety of examples and exercises ensuring that the student deals with realities, rather than theoretical idealizations. It is suitable for courses in mathematics, investing, banking, financial engineering, and related topics
Bibliography Includes bibliographical references and index
Notes Print version record
In Springer e-books
Subject Investments -- Mathematical models.
Saving and investment -- Mathematical models
Saving and investment -- Mathematical models.
Investments -- Mathematical models.
Investments -- Mathematical models.
Saving and investment -- Mathematical models.
Mathématiques financières.
Form Electronic book
Author Mendel, Marilou.
Wright, A. Larry.
ISBN 9780387681115