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Mathematics of Interest Rates and Finance, Pearson New International Edition, 1st edition
Published by Pearson (November 1, 2013) © 2014
- Gary C. Guthrie Bob Jones University
- Larry D. Lemon Bob Jones University
$124.46 NZD
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Title overview
- Calculator and computer technology—Relies on the use of financial calculators and spreadsheets rather than tables.
- Frees students to enjoy challenging topics without getting bogged down in labor-intensive details.
- Extensive use of time line diagrams—Provides these important tools for analyzing the money and interest exercises: a good time line often makes the needed steps and choice of a formula jump right out of the given information.
- Gives students the opportunity to use the time lines to organize and visualize the exercises presented.
- The student learn to recognize various word problem scenarios including the clue words that enable them to understand present value/future value issues.
- Practical financial applications of interest theory.
- Provides students with a variety of exercises and examples that are realistic, and will help them with personal financial matters and investments as well as in their professional careers.
- Simple, comprehensive organization—Starts with the basics and slowly builds up to the more difficult concepts.
- Enables students to become competent problem-solvers, as they will easily succeed in understanding the text and the concepts presented.
- The Fence Post Principle —Is a pedagogical tool to help students determine the number of payments for an annuity.
- Gives students an understanding of the relation between date arithmetic and payments, as well as other counting scenarios.
- The Golden Rule of Finance —Emphasizes that monies cannot be added or reconciled unless they are valued at the same point in time.
- Enables students to understand where on the time line the money should be, simplifying the concept so that they can pick the right mathematical tool to get there.
- Flexible text—Can be adapted for use at several levels.
- Enables instructors to utilize the text for basic-level (finance), intermediate-level (finance and theory of interest), and advanced-level (finance, theory of interest, and stochastic methods) students.
- Answer key.
- Shows students how the exercises are worked, not just a numerical answer.
- Calculator appendix.
- Helps students get up to speed quickly as they proceed through the text.
- Available answer key for instructors—Contains expanded exercises for the even-numbered exercises in the text. The solutions manual also includes sample tests.
- Aids instructors in forming their curriculum.