The Math of Money: Making Mathematical Sense of Your Personal Finances By Morton D. Davis
English | PDF | 2001 | 182 Pages | ISBN : 1441928731 | 12.34 MB
Learn how to calculate the math behind your mortgage, the interest rate on your credit cards, the risks youre taking on the stock market…
Making the right decisions about day-to-day finances can be tricky, in large part because the math involved can be just as tricky as the decisions themselves. In a clear and conversational manner, Morton D. Davis describves the equations behind:
Mortgages: Did you know that often 15 years of payments on a 30-year mortgage are mostly paxing off interest, not the loan itself?
Stocks: Calculating investor psychology is important. Stcoks have no greater worth than how much people are willing to pay for them.
Interest Rates: How does compound interest work mathematically? You might guess that a loan shark who asks for 5 percent interest on a one-week loan is charging 260 percent interest per year. Using compound interest, you can show the actual interest rate is more than four times that!
Retirement Funds: How do I save enough money - and keep it - to last for the rest of my life?
Social Security: Does it make sense to delay my payments?
Using entertaining quizzes that test your intuition, easy-to-understand examples, and illustrative tables, The Math of Money explains how to calculate, and truly understand, your financial picture.
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