Theory of Interest

3rd Edition

By Stephen Kellison

Publication Date: Feb 7, 2008

ISBN:0073382442 / 9780073382449

Language: English

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Imprint: McGraw-Hill/Irwin Publisher: McGraw-Hill Education Dimensions: 9.4 X 6.4 Inches (US)

Summary
Table of Contents

Main Description

The third edition of The Theory of Interest is significantly revised and expanded from previous editions. The text covers the basic mathematical theory of interest as traditionally developed. The book is a thorough treatment of the mathematical theory and practical applications of compound interest, or mathematics of finance. The pedagogical approach of the second edition has been retained in the third edition. The textbook narrative emphasizes both the importance of conceptual understanding and the ability to apply the techniques to practical problems. The third edition has considerable updates that make this book relevant to students in this course area.

Chapter 1: The Measurement of Interest

Theory of Interest

Chapter 1: The Measurement of Interest

Chapter 2: Solution of Problems in Interest

Chapter 3: Basic Annuities

Chapter 4: More General Annuities

Chapter 5: Amortization Schedules and Sinking Funds

Chapter 6: Bond and Other Securities

Chapter 7: Yield Rates

Chapter 8: Practical applications

Chapter 9: More advanced financial analysis

Chapter 10: The term structure of interest rates

Chapter 11: Duration, convexity and immunization

Chapter 12: Stochastic approaches to interest

Chapter 13: Options and other derivatives

APPENDIXES

Appendix A: Table numbering the days of the year

Appendix B: Illustrative mortgage loan amortization schedule

Appendix C: Basic mathematical review

Appendix D: Statistical background

Appendix E: Iteration methods

Answers to the exercises

Glossary of notation

Index