Description
Book SynopsisRequiring only a background in high school algebra, Kaminsky''s Financial Literacy: Introduction to the Mathematics of Interest, Annuities, and Insurance uses an innovative approach in order to make today''s college student literate in such financial matters as loans, pensions, and insurance. Included are hundreds of examples and solved problems, as well as several hundred exercises backed up by a solutions manual.
Table of ContentsPart 1 Preface to the First Edition Part 2 Preface to the Second Edition Part 3 Part I-Payments Certain Chapter 4 Chapter 1: Variations on the Theme: Some General Principles of Compound Interest Chapter 5 Chapter 2: Mixing it Up: Nominal Rates of Interest, Multiple Deposits and Withdrawals, and More Chapter 6 Chapter 3: Introduction to Annuities Chapter 7 Chapter 4: More General Annuities Chapter 8 Chapter 5: Amortization and Sinking Funds Part 9 Part II-LIfe Contingencies Chapter 10 Chapter 6: Probability & The Mortality Table Chapter 11 Chapter 7: Life Annuities Chapter 12 Chapter 8: Life Insurance Chapter 13 Chapter 9: Loose Ends: Reserves & Gross Premiums Part 14 Tables Part 15 Solutions Part 16 Bibliography Part 17 Index Part 18 About the Author
