The Math of Money
Subtitle: Making Mathematical Sense of Your Personal Finances
By: by Morton D. Davis
Publisher: Springer New York; Imprint: Copernicus
Published: 2001
Place of publication: New York, NY
Language: eng
Format: [electronic resource] :
Number of pages: 199
ISBN-13: 9781441928733; 9781475743340
Subjects: Mathematics; Science (General); Statistics; Operations research
Description: Learn how to calculate the math behind your mortgage, the interest rate on your credit cards, the risks youre taking on the stock market... Making the right decisions about day-to-day finances can be tricky, in large part because the math involved can be just as tricky as the decisions themselves. In a clear and conversational manner, Morton D. Davis describves the equations behind: Mortgages: Did you know that often 15 years of payments on a 30-year mortgage are mostly paxing off interest, not the loan itself? Stocks: Calculating investor psychology is important. Stcoks have no greater worth than how much people are willing to pay for them. Interest Rates: How does compound interest work mathematically? You might guess that a loan shark who asks for 5 percent interest on a one-week loan is charging 260 percent interest per year. Using compound interest, you can show the actual interest rate is more than four times that! Retirement Funds: How do I save enough money - and keep it - to last for the rest of my life? Social Security: Does it make sense to delay my payments? Using entertaining quizzes that test your intuition, easy-to-understand examples, and illustrative tables, The Math of Money explains how to calculate, and truly understand, your financial picture.
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Mode of access: World Wide Web.
Table of contents: title: Investing; title: Interest; title: Bonds; title: Mortgages; title: Pensions; title: The Psychology of the Market; title: Miscellaneous Applications; title: Statistics; title: Options.