A Spiral Approach to Financial Mathematics
Auteurs : Tintle Nathan, Schelhaas Nathan, Swanson Todd
A Spiral Approach to Financial Mathematics lays a foundation of intuitive analysis of financial concepts early in the course, followed by a more detailed and nuanced treatment in later chapters. It introduces major financial concepts through real situations, integrates active learning, student focused explorations and examples with Excel spreadsheets and straightforward financial calculations. It is organized so sections can be read independently or through in-class guided-discovery activities and/or interactive lectures. Focusing on conceptual understanding to maximize comprehension and retention, using modern financial analysis tools and utilizing active learning, the book offers a modern approach that eliminates tedious and time-consuming calculations initially without underestimating the ability of readers.
Unit 1 Introduction to Financial Mathematics1. Savings: Fundamentals of Interest2. Loans: Fundamentals of Borrowing and Lending3. Annuities: Fundamentals of Regular Payments4. Stocks and Bonds: Fundamentals of Investment Strategies5. Portfolios: Fundamentals of Collections of Assets and Liabilities
Unit 2 Revisiting Topics in Financial Mathematics6. Savings Revisited7. Loans Revisited8. Annuities Revisited9. Bonds Revisited10. Portfolios Revisited
Upper- and lower-division undergraduates worldwide seeking an introduction to financial mathematics with a professional goal of actuarial studies or other business and finance fields; professionals and others who want to learn interest theory.
Nate Schelhaas is a Fellow of the Society of Actuaries and Member of the American Academy of Actuaries who works for Principal Financial Group in Des Moines, IA. In his 20+ year career, Nate has held various positions with Principal. He currently serves as the chief actuary for the individual life operations. From 2009 – 2011 Nate oversaw the actuarial training program at Principal where he was responsible for helping actuarial students navigate the exam system and their careers.
Todd Swanson is a member of the mathematics department at Hope College in Holland, Michigan, where he's been teaching since 1989. He predominantly teaches introductory courses in mathematics and statistics, and has coauthored six textbooks. Prof. Swanson has presented at numerous national meetings, workshops and mini-courses on innovative ways to teach mathematics and statistics that focus on guided-discovery methods and projects. He has received awards for teaching, writing, and mentoring students and his work has been funded by the National Science Foundation, the Great Lakes College Association, the Howard Hughes Medical Institute, the Teagle Foundation, and Hope College.
- Covers FM Exam topics
- Includes Excel spreadsheets that enable the execution of financial transactions
- Presents a spiral, active learning pedagogical strategy that accentuates key concepts and reinforces intuitive learning
Date de parution : 06-2018
Ouvrage de 612 p.
15x22.8 cm
Thèmes d’A Spiral Approach to Financial Mathematics :
Mots-clés :
American; Amortization; Annuity; Arithmetic annuity; Bermuda; Bonds; Book value; Borrowing; Callable; Cash-flow; Compound interest; Continuous compounding; Coupon; Discount; Discount rate; Dollar-weighted rate of return; Effective interest; European; Force of interest; Forward rates; Full immunization; Future value; Geometric annuity; IRR; Immunization; Internal rate of return; Lending; Loans; Macaulay convexity; Macaulay duration; Modified convexity; Modified duration; Nominal interest; Perpetuity; Premium; Present value; Prospective method; Redington immunization; Refinancing; Retrospective method; Simple interest; Sinking funds; Spot rates; Stocks; Zero-coupon
