Foundations and Applications of the Time

In the Time Value of Money, authors Peterson Drake and Fabozzi expand upon the type of time value of money concepts usually presented as part of overviews given in other general finance books. The basic foundations, concepts, and theories are presented, and then the authors offer examples throughout that serve to reinforce the tools and techniques discussed, and engage readers with consumer finance topics. Problems and detailed solutions (demonstrated using two different financial calculators, as well as Excel) are also provided at the end of each chapter while definitions are called out throughout to introduce terms.

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.

Preface
About the authors
Introduction
The Basics Of The Time Value Of Money.
The Value Of Compounding
Compounding
Calculator And Spreadsheet Solutions
Frequency Of Compounding
Don't Discount Discounting
Discounting
Discounting More Than On Future Value
Determining The Number Of Compounding Periods
Cash Happens
Valuing A Stream Of Future Cash Flows
Valuing A Perpetuity
Annuities
Yielding For Yields
Annualized Rates Of Interest
Determining The Unknown Interest Rate
Rules
A Few Applications.
Loans: To Amortize Or Not To Amortize
Amortizing A Loan
Interest Rates On Loans
Determining The Number Of Periods
Variations On The Theme
Saving To Spend
Valuing A Deferred Annuity
Annuities With Annuities
A Bit Of Realism
Values Tied To Bonds
Bond Basics
Calculating The Yield To Maturity
Issues
Taking Stock
What's In A Value? The Basics Of Stock Valuation
Returns On Stocks
A Capital Idea
The Net Present Value
The Profitability Index
The Internal Rate Of Return
Fact Or Fiction
Fact Or Fiction: It Pays To Get An MBA
Fact Or Fiction: Leasing A Car Accosts Less Than Buying A Car
Fact Or Fiction: Gold Has Always Been A Good Investment
Appendices
Using Financial Calculators
Preparing The Calculator
The Basics
Financial Functions
Tips
Troubleshooting
Using Spreadsheets For Financial Calculations
The Basics
Time Value Of Money Functions
Cash Flow Functions
Other Useful Functions For Financial Mathematics
Formulas
Glossary
Solutions To End-Of-Chapter Problems
Index
Table of Contents provided by Publisher. All Rights Reserved.

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Foundations and Applications of the Time Value of Money

Summary

Author Biography

Table of Contents

Supplemental Materials