January 2014
Intermediate to advanced
144 pages
4h 2m
English
Content preview from Mathematical Formulas for Industrial and Mechanical Engineering
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7 Financial Mathematics
The world of finance is literally FULL of mathematical models, formulas, and sys-
tems. It is absolutely necessary to understand certain key concepts in order to be
successful financially, whether that means saving money for the future or to avoid
being a victim of a quick-talking salesman. Financial mathematics is a collection of
mathematical techniques that find application in finance, e.g., asset pricing: deriva-
tive securities, hedging and risk management, portfolio optimization, structured
products. This chapter has links to math lessons about financial topics, such as
annuities, savings rates, compound interest, and present value. Topics discussed in
this chapter are as follows:
G
Percentage
G
The number of payments
G
Convert ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.