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Synopsis
In this lively and practical introduction to the mathematics of money, Morton D. Davis, invites us to take a fresh look at the numbers that underpin our finacial decisions.
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From the Back Cover
Learn how to calculate the math behind your mortgage, the interest rate on your credit cards, the risks youre taking on the stock market...
Making the right decisions about day-to-day finances can be tricky, in large part because the math involved can be just as tricky as the decisions themselves. In a clear and conversational manner, Morton D. Davis describves the equations behind:
Mortgages: Did you know that often 15 years of payments on a 30-year mortgage are mostly paxing off interest, not the loan itself?
Stocks: Calculating investor psychology is important. Stcoks have no greater worth than how much people are willing to pay for them.
Interest Rates: How does compound interest work mathematically? You might guess that a loan shark who asks for 5 percent interest on a one-week loan is charging 260 percent interest per year. Using compound interest, you can show the actual interest rate is more than four times that!
Retirement Funds: How do I save enough money - and keep it - to last for the rest of my life?
Social Security: Does it make sense to delay my payments?
Using entertaining quizzes that test your intuition, easy-to-understand examples, and illustrative tables, The Math of Money explains how to calculate, and truly understand, your financial picture.
"About this title" may belong to another edition of this title.
- PublisherCopernicus
- Publication date2011
- ISBN 10 1441928731
- ISBN 13 9781441928733
- BindingPaperback
- LanguageEnglish
- Number of pages204
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The Math of Money: Making Mathematical Sense of Your Personal Finances
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ISBN 10: 1441928731
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The Math of Money
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ISBN 10: 1441928731
ISBN 13: 9781441928733
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Seller: BuchWeltWeit Ludwig Meier e.K., Bergisch Gladbach, Germany
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Taschenbuch. Condition: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -This lively and practical introduction to the mathematics of money invites us to take a fresh look at the numbers that underpin our financial decisions. Morton D. Davis talks about strategies to use when we are required to bet against the odds (purchasing auto insurance) or choose to bet against the odds (wagering in a casino or at the track). He considers the ways in which we can streamline and simplify the choices available to us in mortgages and other loans. And he helps us understand the real probabilities when we accept a tip on that 'one in a thousand' stock, even when the tip comes from a successful day trader. With a wealth of entertaining and counterintuitive examples, The Math of Money delights as well as informs, and will help readers treat their financial resources more rationally. 208 pp. Englisch. Seller Inventory # 9781441928733
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The Math of Money: Making Mathematical Sense of Your Personal Finance
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Taschenbuch. Condition: Neu. Druck auf Anfrage Neuware - Printed after ordering - This book reflects one mathematician's view of certain areas of economics and finance. It is not a how-to book, it is not exhaustive or rigorous, and it comes with no guarantee of instant wealth. It tries to maximize the use of the reader's imagination and minimize rote calculation. Although some mathematical background is assumed, ordinary high school algebra will usually suffice. Whenever possible, a verbal rather than a mathematical explanation is given, but where formulas serve a useful purpose they are introduced without derivation or apology. We are primarily concerned with concepts rather than applications, so many topics of practical importance are omitted or papered over-we do not worry about taxes, commissions, and fees and we assume an ideal world in which assets can always be bought at the same price for which they can be sold, and where loans have the same interest rate whether you make them or take them. On the other hand, we sniff out paradoxes and anomalies that chal lenge our intuition. At the beginning of each chapter we generally pose a few problems that are discussed later in the text. The reader is invited to use his 'common sense' to find solutions to these problems. Those who accept the challenge may find their intuition is at odds with the solution more often than they expect. We hope the solutions surprise the readers and whet their appetites for further exploring. Does this mean that the book is of no practical interest Not at all. Seller Inventory # 9781441928733
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The Math of Money
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Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. This lively and practical introduction to the mathematics of money invites us to take a fresh look at the numbers that underpin our financial decisions. Morton D. Davis talks about strategies to use when we are required to bet against the odds (purchasing a. Seller Inventory # 4173346
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The Math of Money
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ISBN 10: 1441928731
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Taschenbuch. Condition: Neu. This item is printed on demand - Print on Demand Titel. Neuware -This book reflects one mathematician's view of certain areas of economics and finance. It is not a how-to book, it is not exhaustive or rigorous, and it comes with no guarantee of instant wealth. It tries to maximize the use of the reader's imagination and minimize rote calculation. Although some mathematical background is assumed, ordinary high school algebra will usually suffice. Whenever possible, a verbal rather than a mathematical explanation is given, but where formulas serve a useful purpose they are introduced without derivation or apology. We are primarily concerned with concepts rather than applications, so many topics of practical importance are omitted or papered over-we do not worry about taxes, commissions, and fees and we assume an ideal world in which assets can always be bought at the same price for which they can be sold, and where loans have the same interest rate whether you make them or take them. On the other hand, we sniff out paradoxes and anomalies that chal lenge our intuition. At the beginning of each chapter we generally pose a few problems that are discussed later in the text. The reader is invited to use his 'common sense' to find solutions to these problems. Those who accept the challenge may find their intuition is at odds with the solution more often than they expect. We hope the solutions surprise the readers and whet their appetites for further exploring. Does this mean that the book is of no practical interest Not at all.Springer Verlag GmbH, Tiergartenstr. 17, 69121 Heidelberg 208 pp. Englisch. Seller Inventory # 9781441928733
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