Author: D. Lovelock, M. Mendel, A.L. Wright
Genre: Economics, Financial Mathematics
Number of Pages: 297
This is a textbook for bachelors on the basic aspects of personal savings and investment with a balanced combination of mathematical rigor and economic intuition. He uses routine financial calculations as a motivation and basis for tools of elementary and real analysis. Evidence using the induction method, recurrence relations and proof of the inverse are also included. Inequalities such as the inequality between the mean and geometric mean and the Cauchy-Schwartz inequality are used. The main topics about probability and statistics are presented. The student gets acquainted with the elements of savings and investments that can be used for lifelong use. These include savings and current accounts, certificates of deposit, student loans, credit cards, mortgages, buying and selling bonds, as well as buying and selling shares.
The book is full of useful information and is generally available. The authors refer to a systematic model for each chapter, including examples and exercises to ensure that the student is dealing with realities, rather than with theoretical idealizations. The book is suitable for courses in mathematics, investment, banking, financial engineering and other related topics.
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