Financial calculations for business:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
London
Kogan Page
1990
|
| Ausgabe: | 1. publ. |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XV, 311 S. |
| ISBN: | 185091978X |
Internformat
MARC
| LEADER | 00000nam a2200000 c 4500 | ||
|---|---|---|---|
| 001 | BV004281289 | ||
| 003 | DE-604 | ||
| 005 | 00000000000000.0 | ||
| 007 | t | ||
| 008 | 910313s1990 |||| 00||| eng d | ||
| 020 | |a 185091978X |9 1-85091-978-X | ||
| 035 | |a (OCoLC)263718818 | ||
| 035 | |a (DE-599)BVBBV004281289 | ||
| 040 | |a DE-604 |b ger |e rakddb | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-384 | ||
| 050 | 0 | |a HG4012.5 | |
| 082 | 0 | |a 658.150285416 |2 20 | |
| 084 | |a QP 700 |0 (DE-625)141926: |2 rvk | ||
| 100 | 1 | |a De Lisle, Christian |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Financial calculations for business |
| 250 | |a 1. publ. | ||
| 264 | 1 | |a London |b Kogan Page |c 1990 | |
| 300 | |a XV, 311 S. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 650 | 4 | |a Datenverarbeitung | |
| 650 | 4 | |a Wirtschaft | |
| 650 | 4 | |a Business mathematics | |
| 650 | 4 | |a Business |x Data processing | |
| 650 | 4 | |a Calculators | |
| 650 | 0 | 7 | |a Kalkulation |0 (DE-588)4029339-7 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Finanzierung |0 (DE-588)4017182-6 |2 gnd |9 rswk-swf |
| 689 | 0 | 0 | |a Finanzierung |0 (DE-588)4017182-6 |D s |
| 689 | 0 | 1 | |a Kalkulation |0 (DE-588)4029339-7 |D s |
| 689 | 0 | |5 DE-604 | |
| 856 | 4 | 2 | |m HBZ Datenaustausch |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=002662528&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-002662528 | ||
Datensatz im Suchindex
| _version_ | 1804118474388144128 |
|---|---|
| adam_text | Contents
Introduction xiii
Chapter 1 Percentages and Conversions 1
The UK Consumer Credit Act (1974) 3
The British and American APR 4
Flat rates to APR% and the effective rate 4
Nominal/Effective conversion formulae 4
When compounding periods differ from the payment periods 7
Nominal rate converted to continuous effective rate 8
Discrete and exact interest 9
Some percentage reminders 9
The UK Composite Rate 10
The gross equivalent 11
Agents (percentage) commissions 13
The profitability index 14
Vulgar fractions 15
Chapter 2 Repayment Loans and
Calendar Calculations 17
Actuarial shorthand
Compounding and discounting 17
Repayment loan calculations 17
Algebraic transposition 19
To find the interest rate, namely solve for i 27
Pro rata values 27
The Calendars 28
To find the day of the week 29
Chapter 3 Annuities ordinary and due 31
Balances for annuities ordinary payments 31
To find the term 32
To find the interest rate 33
Balances annuities due, payments in advance 33
A number of advance payments 34
How to find the interest between . . . ? 35
Home loans low start mortgage repayments 35
V
Annual percentage uplifts 37
Two tier loans 38
To find the balances 40
Multi tier loans 40
Specific payments (non constant) 43
Short term bridging loans 43
Simple interest additional periods 44
The sum of percentages 46
Chapter 4 Less conventional loan methods 47
Rule of 78 or sum of the digits calculation 47
Sum of the Digits Schedule 48
The rebate and balances 48
Penalties for early settlement 49
Constant payments to principal (CPP) 52
Banker s Loans Constant Payments to Principal 54
CPP loans with a balloon profile 55
Days Money 56
Odd days 57
Simple versus compounding calculations for the odd days 57
To find the number of odd days 59
The odd days/months 59
Wrap around mortgages with no balloon payment 61
Urap around mortgages with a balloon payment 62
Cash flows 63
Cash flow by formula 64
Secondary mortgage deeds 64
The calculation of some odd one off loans 65
The reducing payment loan 69
The first capital repayment 70
To find the balance 72
Specialist mortgage loans 72
Cushioned Carolina Mortgage 72
The Shared Appreciation Mortgage (SAM) 74
Home Annuity Schemes 75
ECU mortgages 75
Chapter 5 Savings and Sinking Funds 78
The actuarial formulae and signs 78
To find the balances 79
To find the term for savings 79
To find the i DCF calculations 79
vi
Employing the cash flow sign convention 80
Interest/payment periods 81
Savings with percentage increments 81
Schedule for savings DUE 82
Schedule for savings ORD 82
Monthly calculations with an annual percentage uplift 83
A negative formula (f) rate 85
Periodic percentage increments 85
Chapter 6 Discounted Cash Flow Calulations 87
Group discounting 89
Decimal entry discounted cash flow (DEDCF) 93
Discqunted cash flows with a differing periodic base 96
Some drawbacks to the DCF concept and the counter measures 97
Series compounding 98
Chapter 7 Financial Management RR
and Modified IRR 99
Financial management of the rate of interest (FMRR) 101
The FMRR method 102
The modified internal rate of return (MIRR) 103
The MIRR method 104
Negative CFs discount, the going rate 104
Positive CFs discount, the risk rate 104
An alternative MIRR 105
Chapter 8 UK Building Society Mortgages 106
UK building society methods
The Interest Rate Cartel 106
Building Society Mortgage Repayment Tables 107
Disclosure for Building Societies 107
The excess 108
The accrued interest 111
Disclosure requirements for quotations 111
Front end fees 112
Disclosure typical case quotation 113
Disclosure specific quotation 113
The T.A.P. 113
To find balances 114
Endowment loans 114
Maximum Advance Scheme (MAS) 114
Penalties for Early Redemption 116
vii
Tax Relief 116
A refinement the last payment 118
The calculation of APR and TAP 119
More about the last payments 120
More about the accrued interest 122
Mortgage Guarantee Premiums 123
Ex gratia payments 124
M.I.R.A.S.
MIRAS with constant payments 125
The calculation of the gross profile method 126
Gross Profile Payments schedule 128
Constant Net Payments schedule 131
Chapter 9 Hire Purchase and Leasing 134
HIRE PURCHASE CALCULATIONS
Front end fees 135
Early redemption 136
VAT loading and Insurance premiums 137
Hire purchase balloon payments 137
LEASING CALCULATIONS
In lieu and deferred payment options 140
The final payment option 141
The Initial Pause 143
The Terminal Pause 143
The Spread Method 143
To find the term 144
In Lieu Options for above calculations 145
Deferred Payments 147
Increasing the termination payments to lift the Yield 150
Odd Days 152
Finding the balances for above options 153
An example to find the capital amount 155
Compounding periods differing from the payment periods 155
A simple interest quote 157
Making a factor list 158
A leasing scenario 159
Value Added Tax 162
The inevitable one off 162
Early redemption 163
Schedule for payments and 5% discounting 165
via
SKIPPED PAYMENT CALCULATIONS
Quarterly payments 167
Payments in advance 167
Deferred payments with a skipping scenario 168
Schedule for payments and 5% discounting 174
Chapter 10 Statistics and Depreciation 177
Weighted mean 177
Moving averages 178
Exponential smoothing 180
Trend analysis 180
To process the X variables 183
To process the Y variables 183
To process jointly X and Y (line) 183
Linear Regression 184
Projections (linear) 184
Sales Forecast 184
Curve to fit calculations 184
Coefficient of fit 185
Annual growth rates 186
Curve to fit 186
Stock Exchange price 186
Depreciation UK tax requirement reducing balance method 188
The Declining Balances 189
The Straight Line method 189
The Sum of the digits method 189
The beta coefficient 189
Chapter 11 Pensions, Handshakes, Elections
and Boardroom Voting 191
Indexed pensions 191
Our CiviI Servant 192
The Golden Handshake 193
Election voting 195
Board room voting an idea ! 196
PART II
Chapter 12 Fixed Interest Loans Bonds 201
Fixed Interest 201
Loans Interest rolled up and paid per compounding period 201
ix
Compounding period 201
The creep up 202
The Coupon and the Call 203
The Calendars 204
Redemption Dates 204
Sunday Redemption 205
Settlement 205
Leap Days 206
Accrued interest 206
Ex dividends 207
Gross Yields 207
Abridged YTM calculations 207
The odd days 208
Discounting maturity values back to the present time 208
The accrued interest 210
The formulae for bond/yield calculations 211
The actuarial formula 212
Computer Scheduling 213
Bonds with less than 1 period (Per to Maturity) 214
To find the odd days 215
Approximate YTMs 216
When a UK settlement date fringes a payment date 216
An Alternative Problem 218
Validity test 219
Taxation Requirements 220
Finding a price from a YTM with a CGT content 221
Formulae for the above 223
Conversions 224
An alternative adjustment for a Call 225
Duration and volatility 227
An ex div calculation 229
Duration and volatility with a tax element 229
The forward projected price 230
YTMs a guide only 231
Press Listings 232
Chapter 13 The Various Bond Markets 233
The basic actuarial procedures 233
Eurobonds 234
The AIBD Rules 235
Net calculations 236
The annual equivalent 236
X
Average life sinking funds calculations 239
Settlement before repayments commence 241
Settlement after partial payments have commenced 242
US bonds 243
US corporate bonds
US T Bonds and the Quasi Coupon periods 244
US bond conventions 244
The London market 245
Ex dividend calculations 249
Zero coupon bond 251
Chapter 14 Anomaly and Annuity Bonds 253
1st coupon differing from the remaining interest payments 253
When maturity date differs from the last coupon date 254
When maturity occurs AFTER last payment date (LPD) 255
Accrued Interest 256
Maturity BEFORE Last Payment Date (LPD) 256
Split Coupons Convertibles 256
The Actuarial Formula for Split Coupons 256
Convertibles 258
Currency considerations 259
Inflation 260
Switching 261
Immediate reinvestment 262
Annuity Bonds 262
Ex dividend calculations 265
To find the interest amount 266
Annuity Capital and Payments 266
cum div formula for net annuity bond trading 268
Cum Div NET Schedule 268
Ex div formula for net annuity bond trading 269
Ex div NET Schedule 269
Chapter 15 Bills, Certificates of Deposit, Notes etc 272
Discounting bills (simple interest discounting) 272
The bankers yield 273
Simple interest to yield basis 273
Discounting bills exceeding one year 274
Certificates of deposit (CDs) 274
The London market 275
Short term CDs 275
Medium term CDs 276
xi
A Yankee dollar CD with semi annual payments 277
Date/Days/Interest schedule 278
Floating rate certificates of deposit (FRCDs) 279
Forward rate agreements 280
Forward/Forward rates 281
Hedged floating rate notes 282
Notes with interest at maturity 283
Pistols at dawn 284
Appendix A Classes of US Interest Bearing
Obligations 286
Appendix B Solve for i 288
Appendix C Constructing a Computer Calendar
Program and Finding Dates before/after
Settlement 297
Appendix D Computer/Disk information 308
List of Abbreviations 309
Index 312
A Two Years Days Table 318
xw
|
| any_adam_object | 1 |
| author | De Lisle, Christian |
| author_facet | De Lisle, Christian |
| author_role | aut |
| author_sort | De Lisle, Christian |
| author_variant | l c d lc lcd |
| building | Verbundindex |
| bvnumber | BV004281289 |
| callnumber-first | H - Social Science |
| callnumber-label | HG4012 |
| callnumber-raw | HG4012.5 |
| callnumber-search | HG4012.5 |
| callnumber-sort | HG 44012.5 |
| callnumber-subject | HG - Finance |
| classification_rvk | QP 700 |
| ctrlnum | (OCoLC)263718818 (DE-599)BVBBV004281289 |
| dewey-full | 658.150285416 |
| dewey-hundreds | 600 - Technology (Applied sciences) |
| dewey-ones | 658 - General management |
| dewey-raw | 658.150285416 |
| dewey-search | 658.150285416 |
| dewey-sort | 3658.150285416 |
| dewey-tens | 650 - Management and auxiliary services |
| discipline | Wirtschaftswissenschaften |
| edition | 1. publ. |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>01465nam a2200433 c 4500</leader><controlfield tag="001">BV004281289</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">00000000000000.0</controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">910313s1990 |||| 00||| eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">185091978X</subfield><subfield code="9">1-85091-978-X</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)263718818</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV004281289</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rakddb</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-384</subfield></datafield><datafield tag="050" ind1=" " ind2="0"><subfield code="a">HG4012.5</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">658.150285416</subfield><subfield code="2">20</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QP 700</subfield><subfield code="0">(DE-625)141926:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">De Lisle, Christian</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Financial calculations for business</subfield></datafield><datafield tag="250" ind1=" " ind2=" "><subfield code="a">1. publ.</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">London</subfield><subfield code="b">Kogan Page</subfield><subfield code="c">1990</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">XV, 311 S.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Datenverarbeitung</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Wirtschaft</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Business mathematics</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Business</subfield><subfield code="x">Data processing</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Calculators</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Kalkulation</subfield><subfield code="0">(DE-588)4029339-7</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Finanzierung</subfield><subfield code="0">(DE-588)4017182-6</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">Finanzierung</subfield><subfield code="0">(DE-588)4017182-6</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="1"><subfield code="a">Kalkulation</subfield><subfield code="0">(DE-588)4029339-7</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="5">DE-604</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">HBZ Datenaustausch</subfield><subfield code="q">application/pdf</subfield><subfield code="u">http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=002662528&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-002662528</subfield></datafield></record></collection> |
| id | DE-604.BV004281289 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-09T16:10:52Z |
| institution | BVB |
| isbn | 185091978X |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-002662528 |
| oclc_num | 263718818 |
| open_access_boolean | |
| owner | DE-384 |
| owner_facet | DE-384 |
| physical | XV, 311 S. |
| publishDate | 1990 |
| publishDateSearch | 1990 |
| publishDateSort | 1990 |
| publisher | Kogan Page |
| record_format | marc |
| spelling | De Lisle, Christian Verfasser aut Financial calculations for business 1. publ. London Kogan Page 1990 XV, 311 S. txt rdacontent n rdamedia nc rdacarrier Datenverarbeitung Wirtschaft Business mathematics Business Data processing Calculators Kalkulation (DE-588)4029339-7 gnd rswk-swf Finanzierung (DE-588)4017182-6 gnd rswk-swf Finanzierung (DE-588)4017182-6 s Kalkulation (DE-588)4029339-7 s DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=002662528&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | De Lisle, Christian Financial calculations for business Datenverarbeitung Wirtschaft Business mathematics Business Data processing Calculators Kalkulation (DE-588)4029339-7 gnd Finanzierung (DE-588)4017182-6 gnd |
| subject_GND | (DE-588)4029339-7 (DE-588)4017182-6 |
| title | Financial calculations for business |
| title_auth | Financial calculations for business |
| title_exact_search | Financial calculations for business |
| title_full | Financial calculations for business |
| title_fullStr | Financial calculations for business |
| title_full_unstemmed | Financial calculations for business |
| title_short | Financial calculations for business |
| title_sort | financial calculations for business |
| topic | Datenverarbeitung Wirtschaft Business mathematics Business Data processing Calculators Kalkulation (DE-588)4029339-7 gnd Finanzierung (DE-588)4017182-6 gnd |
| topic_facet | Datenverarbeitung Wirtschaft Business mathematics Business Data processing Calculators Kalkulation Finanzierung |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=002662528&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT delislechristian financialcalculationsforbusiness |