An Introduction to the Mathematics of Money : Saving and Investing
- Author
- David Lovelock, Marilou Mendel, A. Larry Wright
- Publication Year
- 2007
- Publisher
- Springer
- Language
- English
- Document Type
- Book
- Faculty / Subject Heading
- Mathematics and Statistics
- Download Book Read book
This is an undergraduate textbook on the basic aspects of personal savings and investing with a balanced mix of mathematical rigor and economic intuition. It uses routine financial calculations as the motivation and basis for tools of elementary real analysis rather than taking the latter as given. Proofs using induction, recurrence relations and proofs by contradiction are covered. Inequalities such as the Arithmetic-Geometric Mean Inequality and the Cauchy-Schwarz Inequality are used. Basic topics in probability and statistics are presented.
Keywords: Mathematics and Statistics / Arithmetic / Calculation / Banking / Economics / Finance / Inflation / Mathematics / Pricing / Proof / Statistics / Stock market / Quantitative finance
