Mathematical Finance

This concise book puts the focus on financial problem solving using readily accessible mathematical methods as tools for understanding. Selected formulae are used to illustrate and clarify the underlying logic of problem solving and to provide readers with additional opportunities to enhance their understanding of financial problems. Emphasis is placed on the practicality of mathematics and not on the various kinds of technology that are available to by-pass computation. The book is appropriate for use by consumers and small business entrepreneurs who confront basic business decisions from understanding the value of money to considering proper insurance coverage.