| Description |
1 online resource |
| Contents |
Front Cover; A Spiral Approach to Financial Mathematics; Copyright Page; Contents; Preface; Why the Changes in Content Sequencing?; What About Changes in Pedagogy?; Student Audience and How to Utilize the Materials; Students Hoping to Gain a Solid Understanding of Financial Mathematics Concepts; Students Hoping to Pass Actuarial Certification Exam FM; To All Students; To the Actuary Student; Unit 1 Introduction to Financial Mathematics; 1. Savings: Fundamentals of Interest; Section 1.1. Simple and compound interest; Learning objectives; Example 1.1. Saving Money to Study Abroad |
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Interest over longer periodsExploration 1.1. Saving for Your First Car; Interest over longer periods; Turning to technology: Excel; Summary; Homework Questions: Section 1.1; Conceptual questions; Practice questions; Application questions; Looking ahead; Section 1.2. Changing the Compounding Period: Nominal vs Effective Interest Rates; Learning objectives; Example 1.2. Saving Money to Study Abroad (Revisited); Nominal versus effective interest rates; Back to the saving for study abroad example; Exploration 1.2. Saving for Your First Car (Revisited) |
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Changing the period over which interest Is computedNominal versus effective interest rates; Back to the car example; Summary; Homework Questions: Section 1.2; Conceptual questions; Practice questions; Application questions; Looking ahead; Section 1.3. Valuing Accounts with Multiple Transactions; Learning objectives; Example 1.3. Saving for a Down Payment on a House; Basic account chart; Creating a dynamic account chart using Excel; What if you saved 900/month instead?; How much would you need to save each month to reach your goal within 18 months?; What about an extra deposit? |
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Exploration 1.3. Saving for CollegeGetting started; Basic account chart for college savings; Begin filling in the account chart; Revisiting nominal rates of interest; Creating a dynamic account chart using Excel; Summary; Homework Questions: Section 1.3; Conceptual questions; Practice questions; Application questions; Looking ahead; Section 1.4. Tips and Tricks for Solving Cash Flow Problems; Learning objectives; Example 1.4. Saving for a Down Payment (Revisited); Nonrecursive approach; Evaluating the impact of a withdrawal; Irregular payments and withdrawals |
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Problems involving an unknown interest rateProblems involving an unknown time period; Exploration 1.4. Saving for College (Revisited); Recursive approach; Nonrecursive approach; Irregular payments and withdrawals; Problems involving an unknown interest rate; Problems involving an unknown time period; Summary; Homework Questions: Section 1.4; Conceptual questions; Practice questions; Application questions; Looking ahead; End of chapter summary; End of chapter review problems; 2. Loans: Fundamentals of Borrowing and Lending; Section 2.1. Introduction to Loans; Learning Objectives |
| Summary |
Annotation A Spiral Approach to Financial Mathematics lays a foundation of intuitive analysis of financial concepts early in the course, followed by a more detailed and nuanced treatment in later chapters. It introduces major financial concepts through real situations, integrates active learning, student focused explorations and examples with Excel spreadsheets and straightforward financial calculations. It is organized so sections can be read independently or through in-class guided-discovery activities and/or interactive lectures. Focusing on conceptual understanding to maximize comprehension and retention, using modern financial analysis tools and utilizing active learning, the book offers a modern approach that eliminates tedious and time-consuming calculations initially without underestimating the ability of readers |
| Notes |
Includes index |
|
Online resource; title from PDF title page (ScienceDirect, viewed June 28, 2018) |
| Subject |
Business mathematics.
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Business mathematics
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| Form |
Electronic book
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| Author |
Schelhaas, Nathan, author
|
|
Swanson, Todd, author.
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| ISBN |
9780128017593 |
|
0128017597 |
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