Frugal Mathematics in Finance

  • JANKŮJOVÁ, Kristýna
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Publication date
January 2010

Abstract

This work is focused on application examples from financial mathematics. And especially the percentage, simple and compound interest and consumer loans associated with the calculation of APR. Initially, in a nutshell acquainted with the history of banking in both the world and in the Czech context. This chapter aims to show how the development of banking has helped to increasing indebtedness of humanity. The methodology chapter theoretically describes methods, for use in practice on the issues. The aim of this chapter is an overview of the use of simple basic mathematical operations for computing examples from financial mathematics. The final chapter is devoted to application examples. There are solved examples, which are inspired by curren...

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