Review: Math, so simple even an english major can do it,
Rating: 5 out of 5
Date: 08 13, 2012
This handy booklet contains some simple financial terms broken down into mathematical equations. Note to the consumer: this is not a 'funny' book. This is not a how-to-get-rich guide. This is, simply put, a math book. It explains the way certain financial matters are calculated.To say that it explains certain financial terms would not be sufficient. This book breaks down the calculations into simple steps, and is organized into chapters around certain terms. Each 'chapter' has problems at the end of it that the reader can do in order to better absorb the knowledge. Simply put, this is a math book first, and a finance book second.The writing is meticulous, but a bit dry. Like I said: this is purely math. However, even though it seems intimidating at first, the formulas are actually very simple to follow and adequately explain certain common terms. I particularly enjoyed the explanation of the differences between compound and simple interest, and what exactly constitutes an annuity. The handbook even covers how to use a calculator to solve certain more complex equations.In short, not what I would call a 'fun' read, but a great book for anyone who wanted more information on how the financial system works.