Classical Financial Mathematics

Ralf Korn () and Bernd Luderer ()
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Ralf Korn: TU Kaiserslautern
Bernd Luderer: TU Chemnitz

Chapter 65 in Money and Mathematics, 2021, pp 273-293 from Springer

Abstract: Abstract A detailed description of the most important parts of classical financial mathematics is given. For linear and compound interest, special attention is paid to the final and the present value. Moreover, sub-annual and continuously compounded interest are described. In annuity calculation we consider annuities in arrears and in advance as well as the percent annuity. Finally, in price calculation the price of a general cashflow as well as the price of a (zero) bond are derived.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-658-34677-5_65

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DOI: 10.1007/978-3-658-34677-5_65

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