Money Equals Maths

This study provides a comprehensive guide to anyone seeking to master the financial calculations which underlie the bewildering variety of transactions in today's money markets. Each chapter explains the basic processes required for a working knowledge of financial mathematics, while presenting simple exercises to hone the necessary skills. Throughout, the emphasis is upon application: chapters cover a wide range of transactions, including those in the bond market, the short-term money market, the foreign exchange market and the international lending market. Throughout the book there is a clear emphasis on learning how to use a calculator effectively, and instructions are given throughout for both scientific and financial calculators. Each chapter contains both worked examples and exercises for practice. The solutions to these exercises are worked out in full. The result is a book ideally suited for students undertaking financial training programmes (either by face-to-face instruction or distance education), for finance executives in large or small firms, for bond dealers and others involved in the money markets.