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Mortgages and Annuities: Mathematical Foundations and Computational Algorithms [Hardcover]

Yuri K. Shestopaloff

Price: CDN$ 65.17 & FREE Shipping. Details
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Book Description

Nov. 10 2009
This book presents a coherent and comprehensive coverage of mathematical foundations for mortgages and annuities, as well as related computational algorithms for software applications and financial calculators. It also considers the specifics of implementing these algorithms in industrial financial systems. Starting from scratch, the reader, together with the author, builds a solid, efficient and complete knowledge base. Concise and carefully arranged material presents equally well all necessary theoretical underpinnings of the subject and its practical aspects. Lots of numerical examples, exercises and problems contribute to producing a high quality text. Undergraduate and graduate students in a variety of disciplines, from financial mathematics to investments to computer science, as well as teachers, professors, and industry specialists will find this book an invaluable educational and practical resource.

Product Details

  • Hardcover: 288 pages
  • Publisher: Akvy Press (Nov. 10 2009)
  • Language: English
  • ISBN-10: 0980966779
  • ISBN-13: 978-0980966770
  • Product Dimensions: 15 x 23 x 2 cm
  • Shipping Weight: 590 g
  • Amazon Bestsellers Rank: #2,266,217 in Books (See Top 100 in Books)

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Amazon.com: 5.0 out of 5 stars  1 review
5.0 out of 5 stars A gem for financial professional and software people Feb. 20 2010
By angel - Published on Amazon.com
Format:Hardcover
This is my third review of a book by the same author. All that I said before about ?Mortgages and Annuities. An Introduction? remains true for this book as well. Though written at a slightly more advanced level, this book also starts from scratch and proceeds to an expert level. Lots of graphical illustrations, numerical examples, exercises and problems make it easy to comprehend and follow the path laid out in the book. In fact, if the student or professional is interested the in mathematical side of mortgages and annuities, he can buy either book. The part about computational algorithms discusses algorithms relevant to mortgages and annuities and their software implementation. I am not an expert in system design, and so can?t say much, but the coverage of computational algorithms is really good. The author introduces several new algorithms. On the mathematical and computational side they are very original, and should be computationally efficient, as the author claims and illustrates by providing results of performance tests. However, the designers of financial calculators and systems have to provide an opinion as well. For financial professionals and software people in the financial industry, the whole book is a gem. Students and teachers can certainly use it as supplementary material. I should note that as a curriculum supplement for computer science courses the book is probably too much financially specialized. Otherwise, I warmly recommend the book.

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