Financial, Commercial, and Mortgage Mathematics and Their Applications

Ideal for college students in intermediate finance courses, this book uniquely applies mathematical formulas to teach the underpinnings of financial and lending decisions, covering common applications in real estate, capital budgeting, and commercial loans.

• Lays the foundation of all the topics that are typically covered in a financial management textbook or class

• Demonstrates how the mastery of a few basic concepts—such as the time value of money under all possible situations—allows for a precise understanding of more complex topics in finance

• Describes how all advanced capital budgeting techniques can be reduced to the simplest technique—the payback period method

• Examines traditional financial techniques using simple interest rate and accounting rate of return methods to conclusively show how these practices are now defunct