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

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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.

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Product Details

  • ISBN-13: 9780275921194
  • Publisher: Greenwood Publishing Group, Incorporated
  • Publication date: 5/14/1987
  • Edition description: Older Edition
  • Edition number: 1
  • Pages: 255
  • Product dimensions: 6.22 (w) x 9.33 (h) x 1.02 (d)

Meet the Author

ARUN J. PRAKASH is Associate Professor of Finance at Florida International University in Miami, Florida.

GORDON V. KARELS is Assistant Professor in the College of Business Administration, University of Nebraska.

RAY FERNANDEZ is Chairman of the Business Department at Miami Dade Community College.

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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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