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Synopsis

Comprehensive coverage of the time value of money

In this book, authors Pamela Peterson Drake and Frank Fabozzifully expand upon the type of time value of money (TVM) conceptsusually presented as part of overviews given in other generalfinance books. Various TVM concepts and theories are discussed,with the authors offering many examples throughout each chapterthat serve to reinforce the tools and techniques covered. Problemsand detailed solutions-demonstrated using two different financialcalculators, as well as Excel-are also provided at the end of eachchapter, while glossary terms are provided in an appendix tofamiliarize you with basic terms.

  • Provides the basic foundations of the time value of money
  • Covers issues ranging from an introduction of financialmathematics to calculating present/future values and understandingloan amortization
  • Contains problem/solution sets throughout, so you can test yourknowledge of the topics discussed

Understanding the time value of money is essential, and thisreliable resource will help you gain a firm grasp of its manyaspects and its real-world applications.

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