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.
This very practical series will help adolescents and adults alike to understand mathematics as it relates to their everyday lives.
"Master everything from banking and loan interest to budgets and business costs"--Cover.
Mathematics for Business and Personal Finance teaches students mathematics, in the context of business and personal finance like budgeting and money management, banking and credit, and saving and investing.
A mathematician shows how to use basic arithmetic to take control of your financial destiny--from financing your home to buying insurance to saving for your kids' college education.
It is a complete reference for financial mathematics and its applications. Reading this book will teach you how to analyze almost every type of financial situation you will ever encounter during your financial lifetime.
This book is suitable for college students with no previous background in economics or finance; only familiarity with high school algebra is assumed.This book demonstrates how you can utilize math skills you already know in application ...
The Mathematics of Personal Financial Planning, 3e creates a solid foundation for the skills and applications that foster success of professional certification examinations in personal financial planning, insurance, credit counseling...
Mathematics of Personal Finance 11
Glencoe’s Mathematics for Business and Personal Finance is the only text on the market that offers teachers point-of-use online professional development, interactive online help for students and the option of purchasing an interactive ...
The Mathematics of Money: Math for Business and Personal Finance covers all the traditional topics of the business math course, but with a more algebraic focus than many of the texts currently on the market.