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Mathematics of Finance
Mathematics of Finance
Date: 28 April 2011, 10:36

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To the student of pure mathematics the term mathematics of finance often seems somewhat of a misnomer since, in solving the problems usually presented in textbooks under this title, the types of mathematical operations involved are very few and very elementary. Indeed, in a first course in the mathematics of finance the development of the most important formulas usually involves no greater difficulties than those encountered
in the study of geometric progressions.

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