Understanding the mathematics of personal finance : an introduction to financial literacy /

Dworsky, Lawrence N., 1943-

Understanding the mathematics of personal finance : an introduction to financial literacy / Lawrence N. Dworsky. - 1 online resource (xvii, 242 pages) : illustrations.

Includes bibliographical references and index.

Understanding the Mathematics of Personal Finance; Contents; Preface; Acknowledgments; List of Abbreviations; 1. Background Mathematics; 2. Compound Interest; 3. Loan Amortization and Savings; 4. Mortgages; 5. Prepayment Penalties; 6. Credit Cards; 7. Present Value; 8. Comparing Loans; 9. Taxation and Inflation; 10. Life Insurance; 11. Annuities; 12. Reverse Mortgages and Viatical Settlements; 13. Investing: Risk versus Reward; 14 Gambling; 15 Spreadsheet Calculators; 16 Solutions; Index.

A user-friendly presentation of the essential concepts and tools for calculating real costs and profits in personal finance. Understanding the Mathematics of Personal Finance explains how mathematics, a simple calculator, and basic computer spreadsheets can be used to break down and understand even the most complex loan structures. In an easy-to-follow style, the book clearly explains the workings of basic financial calculations, captures the concepts behind loans and interest in a step-by-step manner, and details how these steps can be implemented for practical purposes. Rather than simply pr.

9780470538395 0470538392 9780470538388 0470538384 9780470497807 0470497807

10.1002/9780470538395 doi

10.1002/9780470538395 Wiley InterScience http://www3.interscience.wiley.com BDC9D421-BF35-4BB7-95F1-646AA5A800DD OverDrive, Inc. http://www.overdrive.com


Finance, Personal--Mathematics.
Investments--Mathematics.
Business mathematics.
Consumers--Decision making--Mathematics.
BUSINESS & ECONOMICS--Personal Finance--Money Management.
BUSINESS & ECONOMICS--Personal Finance--Budgeting.


Electronic books.

HG179 / .D96 2009EBK
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