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Introduction
File: MFMaths3e_01.xls
OVERVIEW
The book begins with an explanation of cash flows, returns and compounding a present value to a future value and then develops the calculations into net present values and internal rates of return. In subsequent chapters the methods develop these formulas to analyse fixed income products, derivatives, foreign exchange, equities and leasing.
Since Excel can display the layout of each stage of a complex calculation, it is better suited to automating and displaying the results than traditional programming languages which use a ‘black box’ approach. Here you enter the inputs and an answer is displayed without showing the methodology. ...
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