Читать книгу The Investment Advisor Body of Knowledge + Test Bank - IMCA - Страница 41

Investment advisors and consultants must understand the mathematics behind the concepts in the area of time value of money. They should be able to perform calculations by hand or with the help of a spreadsheet, computer program, or on their financial calculator. Simply understanding the intuition is not enough…the ability to calculate and apply are essential. The readings in this chapter explain each concept and provide numerous mathematical examples. Exercises and questions will help readers apply these formulae to solve practical problems in finance.