Financial, Commercial, and Mortgage Mathematics and Their Applications / Edition 1

Financial, Commercial, and Mortgage Mathematics and Their Applications / Edition 1

by Arun J. Prakash, Gordon V. Karels, Ray Fernandez
     
 

ISBN-10: 0275921190

ISBN-13: 9780275921194

Pub. Date: 05/14/1987

Publisher: ABC-CLIO, Incorporated

This book covers the mathematics of time value of money and mortgages by developing both elegant and easy to follow mathematical models. It breaches the gap between the derivation and application of the time value of money formula by exploring common applications in real estate, resource allocation (capital budgeting), and commercial loans. In most instances, a

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Overview

This book covers the mathematics of time value of money and mortgages by developing both elegant and easy to follow mathematical models. It breaches the gap between the derivation and application of the time value of money formula by exploring common applications in real estate, resource allocation (capital budgeting), and commercial loans. In most instances, a concept is introduced and a formula derived with the help of a time line diagram or a simple intuitive explanation. The general solution is immediately followed by an application, which clarifies exactly how the numbers fit into the sometimes complicated formula. In many cases, a slight twist is introduced to enable the reader to learn how to actually apply the formulas rather than just plugging in the numbers.

Product Details

ISBN-13:
9780275921194
Publisher:
ABC-CLIO, Incorporated
Publication date:
05/14/1987
Edition description:
Older Edition
Pages:
255
Product dimensions:
6.00(w) x 9.00(h) x 0.63(d)

Table of Contents

Mathematical Foundation

The Time Value of Money

Mortgage Mathematics

Commercial Mathematics

Capital Budgeting

Appendix: Financial Tables

Solutions to End-of-Chapter problems

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