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on 4 October 1998
the book gives you a rather good overview of the subject of interest rate calculations, although there are to many (unneccesary) formula's in the text, which makes it rather an academic book on the other hand there are many excellent problems so you can use the book in the class room there is one serious mistake; the financial calculator is not even mentioned
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on 17 November 2014
Very good book, it really gets in to the details of core financial mathematics. It wouldn't necessarily be the first port of call if you're new to the topic as it does assume knowledge of calculus etc, but if you have a good maths background this is an excellent text to use. The only negative is that it does not have many practice questions- the Schaum's outline of financial mathematics is very good for this. Overall, I highly recommend this book for anyone serious about studying the core concepts of financial maths- just be prepared to work hard.
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on 26 October 2010
This book is good for gaining a good understand of the theory. It lives up to the title. However, if you are using this to study for a financial mathematics exam you will have to acquire an additional text for practise problems as the book's problems focus more on the theoretical aspects of such as proving a formula is equal to another etc. A book which gives a lot of practise problems and examples is : Mathematics of Finance. It's part of the Schaum's outlines series.
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on 26 February 1999
I too am using this book for a class (graduate level credit). I find it extremely frustrating to perfectly understand the examples given (too few in my opinion) only to find the exercises have gone off in totally different directions with one, two and sometimes three twists and turns thrown in to complicate matters. Exercises need to lead you to the complications, not begin with them.
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on 28 October 2011
It is an easy to learn book. The examples are great. I would recomend this book for anyone interested in financial mathematics.
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on 22 May 2013
My son who study in London School of Economy asked me to buy this book. He passed his exam, soI think it must be OK
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on 7 December 1998
This book is required for my Math of Investment class at NYU:its practical examples are terrible. I had to buy another book to understand the subject matter. (FYI the other book I purchased was the Schaum's College Outline Series-Math of Finance)
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