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Classical Financial Mathematics

In: Money and Mathematics

Author

Listed:
  • Ralf Korn

    (TU Kaiserslautern)

  • Bernd Luderer

    (TU Chemnitz)

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.

Suggested Citation

  • Ralf Korn & Bernd Luderer, 2021. "Classical Financial Mathematics," Springer Texts in Business and Economics, in: Money and Mathematics, chapter 65, pages 273-293, Springer.
    • Handle: RePEc:spr:sptchp:978-3-658-34677-5_65
    DOI: 10.1007/978-3-658-34677-5_65
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