Foundations and Applications of the Time Value of Money
by Peterson Drake, Pamela; Fabozzi, Frank J.Edition: 1st
Format: Hardcover
Pub. Date: 2009-09-08
Publisher(s): Wiley
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Summary
In the Time Value of Money, authors Peterson Drake and Fabozzi expand upon the type of time value of money concepts usually presented as part of overviews given in other general finance books. The basic foundations, concepts, and theories are presented, and then the authors offer examples throughout that serve to reinforce the tools and techniques discussed, and engage readers with consumer finance topics. Problems and detailed solutions (demonstrated using two different financial calculators, as well as Excel) are also provided at the end of each chapter while definitions are called out throughout to introduce terms.
Author Biography
PAMELA PETERSON DRAKE, PhD, CFA, is the J. Gray Ferguson Professor of Finance and Department Head of Finance and Business Law at James Madison University. Prior to joining James Madison University, she was an associate dean and professor of finance at Florida Atlantic University, and, previous to that, a professor at Florida State University.
FRANK J. FABOZZI, PhD, CFA, CPA, is Professor in the Practice of Finance and Becton Fellow at the Yale School of Management, Editor of the Journal of Portfolio Management, and Associate Editor of the Journal of Structured Finance and the Journal of Fixed Income.
Table of Contents
| Preface | |
| About the authors | |
| Introduction | |
| The Basics Of The Time Value Of Money. | |
| The Value Of Compounding | |
| Compounding | |
| Calculator And Spreadsheet Solutions | |
| Frequency Of Compounding | |
| Don't Discount Discounting | |
| Discounting | |
| Discounting More Than On Future Value | |
| Determining The Number Of Compounding Periods | |
| Cash Happens | |
| Valuing A Stream Of Future Cash Flows | |
| Valuing A Perpetuity | |
| Annuities | |
| Yielding For Yields | |
| Annualized Rates Of Interest | |
| Determining The Unknown Interest Rate | |
| Rules | |
| A Few Applications. | |
| Loans: To Amortize Or Not To Amortize | |
| Amortizing A Loan | |
| Interest Rates On Loans | |
| Determining The Number Of Periods | |
| Variations On The Theme | |
| Saving To Spend | |
| Valuing A Deferred Annuity | |
| Annuities With Annuities | |
| A Bit Of Realism | |
| Values Tied To Bonds | |
| Bond Basics | |
| Calculating The Yield To Maturity | |
| Issues | |
| Taking Stock | |
| What's In A Value? The Basics Of Stock Valuation | |
| Returns On Stocks | |
| A Capital Idea | |
| The Net Present Value | |
| The Profitability Index | |
| The Internal Rate Of Return | |
| Fact Or Fiction | |
| Fact Or Fiction: It Pays To Get An MBA | |
| Fact Or Fiction: Leasing A Car Accosts Less Than Buying A Car | |
| Fact Or Fiction: Gold Has Always Been A Good Investment | |
| Appendices | |
| Using Financial Calculators | |
| Preparing The Calculator | |
| The Basics | |
| Financial Functions | |
| Tips | |
| Troubleshooting | |
| Using Spreadsheets For Financial Calculations | |
| The Basics | |
| Time Value Of Money Functions | |
| Cash Flow Functions | |
| Other Useful Functions For Financial Mathematics | |
| Formulas | |
| Glossary | |
| Solutions To End-Of-Chapter Problems | |
| Index | |
| Table of Contents provided by Publisher. All Rights Reserved. |
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