Interest and Derivatives Markets by Marcel B. Finan
Interest and Derivatives Markets - Table of Contents
1. The Basics of Interest Theory
2. The Basics of Annuity Theory
3. Rate of Return of an Investment
4. Loan Repayment Methods
5. Bonds and Related Topics
6. Stocks and Money Market Instruments
7. Measures of Interest Rate Sensitivity
8. An Introduction to the Mathematics of Financial Derivatives
What You Will Learn in Interest and Derivatives Markets
"A Basic Course in the Theory of Interest and Derivatives Markets: A Preparation for the Actuarial Exam FM/2" by Marcel B. Finan is a clear and student-friendly book that introduces the mathematics behind modern "financial markets". It focuses on how "interest rates" work and how they form the foundation for pricing financial instruments. The book is especially useful for students of finance, actuarial science, and applied mathematics who want a solid and practical understanding of money over time.
The first part of the book explains core ideas such as "time value of money", simple and compound interest, present and future value, annuities, and amortization. These topics are presented step by step with formulas and examples, making them easy to follow even for beginners. Finan emphasizes intuition as well as calculation, helping readers understand why the formulas work, not just how to use them.
The later chapters introduce "derivatives markets", including forwards, futures, options, and swaps. The book explains how these instruments are priced and how they are used for "risk management" and hedging. With its balanced mix of theory and real-world relevance, "Interest and Derivatives Markets" serves as a strong bridge between basic financial mathematics and practical market applications.
Book Details & Specifications
Title:
Interest and Derivatives Markets by Marcel B. Finan
Publisher:
Arkansas Tech University
Year:
2013
Pages:
747
Type:
PDF
Language:
English
ISBN-10 #:
0256091501
ISBN-13 #:
978-0256091502
License:
University Resource (Free for Personal Use)
Amazon:
Amazon
About the Author: Marcel Boulos Finan
The author Marcel Boulos Finan
is an academic author known for his clear and practical books in "financial mathematics". He focuses on explaining complex ideas such as "interest theory" and market instruments in a simple way that students can easily understand. His writing is widely used in finance and actuarial studies. Finan is best recognized for "Interest and Derivatives Markets", where he combines mathematical clarity with real-world relevance. His work supports learning in "derivatives", "time value of money", and "risk management", making his books useful for beginners and exam preparation alike.
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Financial Mathematics