Textbook

Books Price Comparison (Including Amazon) - Guaranteed Lowest Prices on Books


 

Financial, Commercial, and Mortgage Mathematics and Their Applications

 
 
 
 
Financial, Commercial, and Mortgage Mathematics and Their Applications
Author: Arun J. Prakash - Gordon V. Karels - Ray Fernandez
ISBN 13: 9780275921194
ISBN 10: 275921190
Edition: N/A
Publisher: Praeger
Publication Date: 1987-04-15
Format: Hardcover
Pages: 255
List Price: $118.00
 
 

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.