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.