Book description
Comprehensive coverage of the time value of money
In this book, authors Pamela Peterson Drake and Frank Fabozzi fully
expand upon the type of time value of money (TVM) concepts usually
presented as part of overviews given in other general finance books.
Various TVM concepts and theories are discussed, with the authors
offering many examples throughout each chapter that serve 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 provided in an appendix to familiarize you with
basic terms.
- Provides the basic foundations of the time value of money
- Covers issues ranging from an introduction of financial
mathematics to calculating present/future values and understanding
loan amortization
- Contains problem/solution sets throughout, so you can test your
knowledge of the topics discussed
Understanding the time value of money is essential, and this reliable
resource will help you gain a firm grasp of its many aspects and its
real-world applications.
PAMELA PETERSON DRAKE, PhD, CFA, is the J. Gray Ferguson Professor of
Finance and Department Head of Finance and Business Law at James
Madison University. Prior to joining James Madison University, she was
an associate dean and professor of finance at Florida Atlantic
University, and, previous to that, a professor at Florida State University.
FRANK J. FABOZZI, PhD, CFA, CPA, is Professor in the Practice of
Finance and Becton Fellow at the Yale School of Management, Editor of
the Journal of Portfolio Management, and Associate Editor of the
Journal of Structured Finance and the Journal of Fixed Income.
