Math4Finance.com : All Things Related to Financial Math
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The financial math of everyday life is based on standard financial formulas and financial equations. You may purchase a home, buy a CD, invest in bonds, or plan your retirement. These financial transactions involve numbers that may seem complicated. They are all based on financial formulas.
The fingers of the finance guy at the car dealership seem to fly clickety-click over the keyboard as he works to find the number that will make you happy. He's doing no magic. He's using a calculator programmed with financial formulas. He enters the numbers for the length of your loan, plays with an interest rate that allows him to make a profit, and tweaks the purchase price. The calculator uses standard formulas and kicks out your monthly payment. You can do the same thing with a pencil and pad, spreadsheet, handheld calculator or computer with financial software.
In fact, if you do the math before you arrive at the dealership, your knowledge of financial math will give you a unique advantage over the finance guy.
Math4Finance.com is a simple library of financial formulas and financial equations you can use in your everyday life to get a handle on the financial transactions that occur around you.
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