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Applied Mathematics for Personal Finance: Draft Edition Winter 2015

Applied Mathematics for Personal Finance: Draft Edition Winter 2015

Paperback

General Mathematics

ISBN10: 1506199445
ISBN13: 9781506199443
Publisher: Createspace
Published: Jan 10 2015
Pages: 224
Weight: 1.17
Height: 0.47 Width: 8.50 Depth: 11.00
Language: English
Applied Mathematics for Personal Finance provides a general introduction to the ways that mathematics can be applied to personal financial decision-making. This book is suitable for college students with no previous background in economics or finance; only familiarity with high school algebra is assumed. This book demonstrates how you can utilize math skills you already know in application areas that may be unfamiliar; it also introduces some new math skills that you can apply to familiar problems. The book emphasizes the development and application of the economic life-cycle model as the framework for evaluating all of your personal financial decisions. Economists, including six Nobel Laureates, have spent close to a century developing the concept of life-cycle consumption smoothing. Smoothing refers to the need to spread your economic resources over your lifetime, taking into account that your future is highly uncertain.

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General Mathematics