Foundations and Applications of the Time Value of Money

In this latest collaboration from Pamela Peterson Drake and Frank Fabozzi, the authors provide comprehensive coverage of the time value of money and fully expand upon related concepts that are usually presented as part of an overview in other general finance books.

Chapter by chapter, various time value of money concepts and principles are discussed and many examples are used to reinforce the tools and techniques covered. Problems and detailed solutions—demonstrated using two different financial calculators, as well as Excel—are also provided at the end of each chapter, while glossary terms are included in an appendix, to familiarize you with basic terms.

Divided into two comprehensive parts, this reliable resource:

• Provides the basic foundations of the time value of money

• Outlines the financial mathematics you need to know in order to make more informed financial decisions

• Covers issues ranging from calculating present/future values to loan amortization

• And much more

Understanding the time value of money is essential, and with this reliable resource as your guide, you'll quickly gain a firm grasp of its many aspects and real-world applications.