FINANCIAL MATHEMATICS

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The basic concepts of financial mathematics are stated in the textbook. The Textbook also contains calculations on assessment of efficiency and risk of investments, on diversification of investment portfolio, on accumulation and discounting of cash flows by fixed, floating and continuous interest rates, and on amortization of credit. It is stated methods of application of long-term financial calculations in leasing and in life insurance and pensions in the final three chapters of the textbook.

The textbook is oriented for bachelor degree students of economic universities.