The Math of Money

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Learn how to calculate the math behind your mortgage, the interest rate on your credit cards, the risks youre taking on the stock market...Making the right decisions about day-to-day finances can be tricky, in large part because the math involved can be just as tricky as the decisions themselves. In a clear and conversational manner, Morton D. Davis describves the equations behind:Mortgages: Did you know that often 15 years of payments on a 30-year mortgage are mostly paxing off interest, not the loan itself?Stocks: Calculating investor psychology is important. Stcoks have no greater worth than how much people are willing to pay for them.Interest Rates: How does compound interest work mathematically? You might guess that a loan shark who asks for 5 percent interest on a one-week loan is charging 260 percent interest per year. Using compound interest, you can show the actual interest rate is more than four times that!Retirement Funds: How do I save enough money - and keep it - to last for the rest of my life?Social Security: Does it make sense to delay my payments?Using entertaining quizzes that test your intuition, easy-to-understand examples, and illustrative tables, The Math of Money explains how to calculate, and truly understand, your financial picture.