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There is a concise but thorough treatment of the basic compound interest functions nominal rate of interest and the yield (or internal rate of return) and there are many examples on discounted cash flow. Also discussed are applications of the theory to capital redemption policies (with allowance for income tax capital gains tax and index-linking) and consumer credit calculations. The final chapter provides a simple introduction to stochastic interest rate models.
TITLE: Introduction to the Mathematics of Finance
AUTHOR: J.J. McCutcheon
SKU: 9780750600927
PUBLISHER: Elsevier Science & Technology
DATE PUBLISHED: 21/01/1989
PLACE PUBLISHED: United Kingdom
PAGES: 480
BINDING: Hardback
LANGUAGE: English
DIMENSIONS: 156 mm x 234 mm
WEIGHT: 870 gr