Chapter 3. Time Value of Money

In terms of finance per se, this chapter does not depend on the first two chapters. Since, in this book, Python is used as a computational tool to solve various finance problems, the minimum requirement is that readers should have installed Python plus NumPy and SciPy. In a sense, if a reader has installed Python via Anaconda, he/she will be fine without reading the first two chapters. Alternatively, readers could read Appendix A on how to install Python.

In this chapter, various concepts and formulae associated with finance will be introduced and discussed in detail. Since those concepts and formulae are so basic, readers who have taken one finance course, or professionals with a few years' working experience in ...

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