Comprehensive coverage of the time value of money
In this book, authors Pamela Peterson Drake and Frank Fabozzi fully expand upon the type of time value of money (TVM) concepts usually presented as part of overviews given in other general finance books. Various TVM concepts and theories are discussed, with the authors offering many examples throughout each chapter that serve to reinforce the tools and techniques covered. Problems and detailed solutions-demonstrated using two different financial calculators, as well as Excel-are also provided at the end of each chapter, while glossary terms are provided in an appendix to familiarize you with basic terms.
- Provides the basic foundations of the time value of money
- Covers issues ranging from an introduction of financial mathematics to calculating present/future values and understanding loan amortization
- Contains problem/solution sets throughout, so you can test your knowledge of the topics discussed
Understanding the time value of money is essential, and this reliable resource will help you gain a firm grasp of its many aspects and its real-world applications.
Keywords: introduction of financial mathematics, loan amortization, bond valuation, applications in consumer finance, calculating present values, calculating future values, yields and returns, valuing cash flows, dealing with annuities, capital budgeting, dividend discount models