Classical Financial Mathematics
Basic Ideas, Central Formulas and Terms at a Glance
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Beschreibung
This essential teaches basic formulas, methods and ideas of classical financial mathematics. Since classical financial mathematics makes do with elementary mathematical tools, any interested reader with average mathematical school knowledge can easily follow this text. The core of the text is the calculation of interest and compound interest, annuity calculation, amortization calculation and price calculation. A large number of practical examples illustrate the mathematical questions.
This Springer essential is a translation of the original German 1st edition essentials, Klassische Finanzmathematik by Bernd Luderer, published by Springer Fachmedien Wiesbaden GmbH, part of Springer Nature in 2019. The translation was done with the help of artificial intelligence (machine translation by the service DeepL.com). A subsequent human revision was done primarily in terms of content, so that the book will read stylistically differently from a conventionaltranslation. Springer Nature works continuously to further the development of tools for the production of books and on the related technologies to support the authors.
The contents
- Linear and geometric interest
- Regular payments
- Present value and final value of an annuity
- Installment and annuity redemption
The target groups
- First-year students of economics at universities and universities of applied sciences
- Teachers of mathematics, pupils
The author
Prof. Dr. Bernd Luderer taught at the Faculty of Mathematics at the Chemnitz University of Technology. He is the editor of the German-language series Studienbücher Wirtschaftsmathematik and author of numerous successful textbooks on business and financial mathematics.
This essential teaches basic formulas, methods and ideas of classical financial mathematics. Since classical financial mathematics makes do with elementary mathematical tools, any interested reader with average mathematical school knowledge can easily follow this text. The core of the text is the calculation of interest and compound interest, annuity calculation, amortization calculation and price calculation. A large number of practical examples illustrate the mathematical questions.
This Springer essential is a translation of the original German 1st edition essentials, Klassische Finanzmathematik by Bernd Luderer, published by Springer Fachmedien Wiesbaden GmbH, part of Springer Nature in 2019. The translation was done with the help of artificial intelligence (machine translation by the service DeepL.com). A subsequent human revision was done primarily in terms of content, so that the book will read stylistically differently from a conventional translation. Springer Nature works continuously to further the development of tools for the production of books and on the related technologies to support the authors.
Introduction to terms and methods of classical financial mathematics Presentation of the most important formulas for calculating interest and capital With many examples, tasks and solutions for financial mathematics
Autor*in
Bernd Luderer
Themen in »Classical Financial Mathematics«
Classical financial mathematics Interest calculation Calculation of compound interest Pension Account Statement of redemption Exchange rate calculation