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“The fundamental principle behind market calculations is the time value of money: as long as interest rates are not negative, any given amount of money is worth more sooner than it is later because you can place it on deposit to earn interest.”
Some opening remarks on formulas
Use of an HP calculator
Simple and compound interest
Nominal and effective rates
Future value/present value; time value of money
Using an HP calculator for cashflow analysis
Interpolation and extrapolation
Mean, variance, standard deviation and volatility
Correlation and covariance
The ‘normal’ probability function
There are three ...