Kenneth Kaminsky

Financial Literacy

Introduction to the Mathematics of Interest, Annuities, and Insurance

• Broschiertes Buch

Produktbeschreibung

Requiring only a background in high school algebra, Kaminsky's Financial Literacy: Introduction to the Mathematics of Interest, Annuities, and Insurance uses an innovative approach in order to make today's college student literate in such financial matters as loans, pensions and insurance. Included are hundreds of examples and solved problems, as well as several hundred exercises backed up by a solutions manual.

Produktdetails

• Verlag: University Press of America
• 402. Auflage
• Seitenzahl: 402
• Erscheinungstermin: 1. Juli 2003
• Englisch
• Abmessung: 216mm x 140mm x 24mm
• Gewicht: 565g
• ISBN-13: 9780761826224
• ISBN-10: 076182622X
• Artikelnr.: 21856343

Autorenporträt

Kenneth Kaminsky is Professor of Math, Augsburg College, Minnesota.

Inhaltsangabe

Chapter 1 Preface Chapter 2 Part I- Payments Certain: Chapter 3 Variations on the Theme An = P(1 + i) n: Some General Principles of Compound Interest: Preliminaries
Introduction to Compound Interest
Time Diagrams, Equations of Value, and Focal Dates
Depreciation
Summary of Formulas Chapter 4 Mixing it Up: Nominal Rages of Interest, Multiple Deposits and withdrawals, and More: Nominal Rates
Multiple Deposits/Withdrawals
A More General Look at Equations of Value and Focal Dates
Effective Rates
Equivalent rates
Comparing Nominal Rate Chapter 5 Introduction to Annuities: Regular Annuities and Geometric Sums
A General Formula for Regular Annuities
Rates of Change and Average Rates of Change
Summary of Formulas Chapter 6 More General Annuities: Non-Regular Annuities
Annuities Whose Payments Increase/Decrease by a Fixed Percentage
Perpetuities
Perpetuities Increasing or Decreasing by a Fixed Percentage
Another Application of Annuities- Bonds
Summary of Formulas Chapter 7 Amortization and Sinking Funds: Introduction
Amortization and Outstanding Principal
Amortization Schedules
Sinking Fund Schedules
Yield Rates
Summary of Formulas Chapter 8 Part II- Life Contingencies: Chapter 9 Probability & The Mortality Table: What is Probability?
The Mortality Table
Probability Distributions for Ages at Death
Average Value of a Variable
The Force of Mortality
Summary of Formulas Chapter 10 Life Annuities: Introduction
Pure Endowments
Life Annuities
Annuities with Payments Increasing/Decreasing by a Fixed Percentage
Summary of Formulas Chapter 11 Life Insurance: Introduction
How Life Insurance Works
A General Formula for the Net Single Premium for Life Insurance
Policies with Benefits Increasing/Decreasing by a Fixed Percentage
Summary of Formulas Chapter 12 Loose Ends: Reserves & Gross Premiums: Introduction
Reserves
Gross Premiums
Summary of Formulas Chapter 13 Review Problems with Solutions Chapter 14 Chapter Key for Review Problems Chapter 15 Tables I-IV Chapter 16 Answers to Most Exercises Chapter 17 Bibliography Chapter 18 About the Author Chapter 19 Index