Steiner Robert. Mastering Financial Calculations

Wiltshire: Pearson Education, 1999. — 417 p. — ISBN: 0-273-62587-X.ACI Education (formerly The ACI Institute) is the educational division of ACI – the Financial Markets Association, the primary international professional body for the international financial markets, founded in 1955 and now represented in 59 countries internationally with over 24,000 members.
The task of ACI Education is simple to state and is embodied in the Charter of ACI. It is to ensure that educational programmes that reflect the constantly changing nature of the industry are made available to both new entrants to the profession and seasoned professionals, and to set professional standards for the industry globally. This task is both challenging and exciting. Recent innovations include the decision to convert the examinations to an electronically delivered format, a change that will facilitate the availability of ACI’s professional testing programme, on a daily basis via a network of over 2,000 test centres globally.The basics
Financial Arithmetic Basics
Some opening remarks on formulas
Use of an HP calculator
Simple and compound interest
Nominal and effective rates
Future value / present value; time value of money
Discount factors
Cashflow analysis
Interpolation and extrapolation
Exercises
Interest rate instruments
The Money Market
Overview
Day/year conventions
Money market instruments
Money market calculations
Discount instruments
CDs paying more than one coupon
Exercises