LEADER 05416nam 2200661Ia 450 001 9910830153403321 005 20230721023124.0 010 $a1-282-30671-5 010 $a9786612306716 010 $a0-470-53839-2 010 $a0-470-53838-4 035 $a(CKB)1000000000807266 035 $a(EBL)469363 035 $a(OCoLC)463430916 035 $a(SSID)ssj0000312346 035 $a(PQKBManifestationID)11278098 035 $a(PQKBTitleCode)TC0000312346 035 $a(PQKBWorkID)10332012 035 $a(PQKB)11043840 035 $a(MiAaPQ)EBC469363 035 $a(EXLCZ)991000000000807266 100 $a20090420d2009 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aUnderstanding the mathematics of personal finance$b[electronic resource] $ean introduction to financial literacy /$fLawrence N. Dworsky 210 $aHoboken, NJ $cWiley$dc2009 215 $a1 online resource (262 p.) 300 $aDescription based upon print version of record. 311 $a0-470-49780-7 320 $aIncludes bibliographical references and index. 327 $aUnderstanding the Mathematics of Personal Finance; Contents; Preface; Acknowledgments; List of Abbreviations; 1. Background Mathematics; 1.1 Arithmetic, Notation, and Formulas; 1.2 Minus (Negative) Signs; 1.3 Lists and Subscripted Variables; 1.4 Changes; 1.5 Exponents; 1.6 Summations; 1.7 Graphs and Charts; 1.8 Approximations; 1.9 Rates-Average and Instantaneous; 1.10 Inequalities and Ranges of Numbers; Problems; 2. Compound Interest; 2.1 Some Mathematics; 2.2 My Website Spreadsheet; 2.3 Online Calculators; 2.4 Scaling; 2.5 Proration-Working Inside a Compounding Interval 327 $a2.6 Initial Charges and Effective Interest Rate2.7 In the Limit-Continuous Compounding; Problems; 3. Loan Amortization and Savings; 3.1 Loans; 3.2 Calculating the Payment Amount; 3.3 Paying off a Loan Very Slowly; 3.4 My Website Spreadsheet; 3.5 A Note About Total Interest for a Year; 3.6 Online Calculators; 3.7 Loans with First Payment Due Immediately; 3.8 Irregular Payments; 3.9 Regular Savings; Problems; 4. Mortgages; 4.1 Online Calculators; 4.2 Fixed Rate Mortgages; 4.3 Adjustable Rate Mortgages (ARMs); 4.4 Balloon Loans; 4.5 Up-Front Costs; Problems; 5. Prepayment Penalties 327 $a5.1 Rule of 785.2 Other Prepayment Penalties; Problems; 6. Credit Cards; 6.1 Credit Card Statements; 6.2 Transfers; 6.3 Payment Allocation; 6.4 Daily Balance; 6.5 Some Calculation Examples; 6.6 Grace Period; 6.7 Changing Interest Rates; 6.8 A Bankruptcy Spiral; 6.9 Minimum Payment; 6.10 Other Interest Calculation Approaches; 6.11 Debit Cards-Something Completely Different; Problems; 7. Present Value; 7.1 Online Calculators; 7.2 Doing It with My Spreadsheet; 7.3 The Effect of Interest Rates on Present Value Calculations; 7.4 Why This All Matters 327 $a7.5 A Very Involved Example: Writing Your Own Spreadsheet7.6 Future Value; 7.7 Present Value of Prepayment Penalties; Problems; 8. Comparing Loans; 8.1 Up-Front Costs; 8.2 Adjustable Rate Mortgages (ARMs); 8.3 A Few Last Words; Problems; 9. Taxation and Inflation; 9.1 Understanding Personal Federal Income Tax Rates; 9.2 Online Tax Calculators; 9.3 Taxation of Earned Interest; 9.4 Deductible Interest; 9.5 Deferred Taxation Savings; 9.6 Online Deferred Taxation Plan Calculators; 9.7 Inflation; Problems; 10. Life Insurance; 10.1 What Is an Insurance Policy?; 10.2 Probability 327 $a10.3 Introduction to the Life Tables10.4 Expected Values; 10.5 Term Insurance; 10.6 Time Payments; 10.7 Decreasing Term Insurance; 10.8 Insurance for the Rest of Your Life; 10.9 Whole Life Insurance; 10.10 Breaking Down the Year; Problems; 11. Annuities; 11.1 A Benchmark Savings Plan; 11.2 Immediate Annuity with Period Certain; 11.3 Deferred Annuities; 11.4 Life Annuities; 11.5 Payments for Couples; 11.6 Online Calculators; 11.7 Variable Annuities; Problems; 12. Reverse Mortgages and Viatical Settlements; 12.1 Reverse Mortgages; 12.2 Viatical Settlements; Problems 327 $a13. Investing: Risk versus Reward 330 $aA user-friendly presentation of the essential concepts and tools for calculating real costs and profits in personal finance Understanding the Mathematics of Personal Finance explains how mathematics, a simple calculator, and basic computer spreadsheets can be used to break down and understand even the most complex loan structures. In an easy-to-follow style, the book clearly explains the workings of basic financial calculations, captures the concepts behind loans and interest in a step-by-step manner, and details how these steps can be implemented for practical purposes. Rather 606 $aFinance, Personal$xMathematics 606 $aInvestments$xMathematics 606 $aBusiness mathematics 606 $aConsumers$xDecision making$xMathematics 615 0$aFinance, Personal$xMathematics. 615 0$aInvestments$xMathematics. 615 0$aBusiness mathematics. 615 0$aConsumers$xDecision making$xMathematics. 676 $a332.0240015195 676 $a332.6 700 $aDworsky$b Lawrence N.$f1943-$0771337 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910830153403321 996 $aUnderstanding the mathematics of personal finance$94079481 997 $aUNINA