Clear, realistic explanations of key financial math concepts and terms. Packed with exercises that demonstrate how to use financial math to solve present value, future value, net present value, internal rate of return, terminal value, and other financial problems.
Special section on the capital markets and how they work.
Supplements on basic algebra and the HP calculator.
CONTENTS
Part 1: Introduction to Capital Markets
Learn how money works for borrowers and lenders; meet the players; get an overview of the institutions and the financial instruments they use.
Part 2: Financial Math
Learn the key skills for calculating money's value over time through real-life examples and step-by-step explanations keyed to the HP calculator.
Learn how to set up a problem so that the solution develops naturally.
Appendix: Basic Algebra
Been a long time since you factored an equation? Brush up your skills or use this section as a reference as you work the money math problems.
Appendix: HP Calculator
Get oriented with this handy guide to the calculator and how to use it for financial math.