Since the field of mathematics is quite broad, we have decided to include books on mathematical finance in PDF format, an area that we know interests many of our readers. Research in this field has gained momentum in recent decades, which has made economic scholars pay much more attention to it.
Precisely, our selection of books on mathematical finance responds to this growing need for knowledge in this discipline. It includes a variety of methodologies for determining the value of money over time.
In this sense, we can define it as the area of applied mathematics that studies various calculation tools to determine the value of money over a period of time, during a financial transaction.
The term financial operation refers to the exchange of a current capital for another that will be obtained in the future, both capitals will have a different value once that time has elapsed. In this operation, mathematical finance is in charge of calculating this value.
This amount of money received in addition to the initial value is known as interest or return on capital. There are two ways or methods to calculate it:
Simple interest, which is defined as the calculation based on the initial value (invested capital), which means that in a given period the interest is equal to the initial value multiplied by the interest rate.
In the compound interest method, the interest generated over time is added to the initial capital and additional interest is generated in the following period.
Continue exploring this interesting universe in our more than 15 mathematical finance books in PDF format. They are ready to be downloaded to your electronic devices quickly and completely free of charge. If you find our work valuable, remember to share it on your social networks.
Here we present our complete selection of Mathematical Finance books:
#1 Financial Mathematics I
Extension: PDF | 81 pages
Financial Mathematics I by Jitse Niesen presents a concise introduction to the fundamental mathematical models used in finance. This PDF is valuable for understanding core concepts like time value of money and interest rates.
#2 Basics of Financial Mathematics
Extension: PDF | 145 pages
Basics of Financial Mathematics por A A Mitsel offers a solid foundation in quantitative analysis of financial transactions, ideal for students and practitioners. This study guide simplifies complex concepts like discounting, annuities, and portfolio optimization, making financial mathematics accessible.
#3 An Introduction to Financial Mathematics
Extension: PDF | 25 pages
An Introduction to Financial Mathematics by Sandeep Juneja offers a concise overview of financial derivatives and their pricing, focusing on the mathematical ideas behind them. This document explores no-arbitrage principles and stochastic calculus, making it a valuable resource for understanding modern finance.
#4 An Introduction to Financial Mathematics with MATLAB
Extension: PDF | 48 pages
An Introduction to Financial Mathematics with MATLAB by Dmitrii S Silvestrov,Anatoliy A Malyarenko provides practical MATLAB tools for financial modeling. Explore option pricing, Black-Scholes, and binomial models, enhancing understanding with hands-on examples.
#5 Actuarial Science Financial Mathematics
Extension: PDF | 44 pages
Actuarial Science Financial Mathematics por California State University Long Beach provides a concise introduction to financial mathematics concepts. It covers interest rates, present value, annuities, bonds, and internal rate of return, making it a valuable resource for understanding core principles.
#6 Finance Growth and Decay
Extension: PDF | 37 pages
Finance Growth and Decay por Maths At Sharp offers a concise introduction to simple and compound interest, including practical examples. It also covers annuities, depreciation, and loan repayments, making it a valuable resource for understanding fundamental financial mathematics.
#7 Financial Mathematics
Extension: PDF | 135 pages
Financial Mathematics por I Liang Chern covers fundamental concepts and models used in mathematical finance. Explore asset pricing, derivatives, and stochastic calculus for a solid understanding.
#8 An Overview of Financial Mathematics
Extension: PDF | 13 pages
An Overview of Financial Mathematics por William Benedict McCartney is a concise guide to interest theory for actuarial students. It covers time value of money, annuities, loans, and introduces derivatives, making it valuable for exam preparation.
#9 Financial Mathematics for Actuaries (Presentation)
Extension: PDF | 63 pages
Financial Mathematics for Actuaries (Presentation) por Singapore Management University is a chapter about annuities, covering annuity-immediate, annuity-due, perpetuities, and deferred annuities. Explore this PDF to understand core concepts and their applications in actuarial science.
#10 Integration Theory in Financial Mathematics
Extension: PDF | 12 pages
Integration Theory in Financial Mathematics por P Muldowney,W Wojdowski explores the mathematical foundations of derivative pricing using integration theory. It offers insights into the Black-Scholes model and potential improvements via Henstock integration, making it a valuable resource for understanding advanced financial mathematics.
#11 Applications of Geometric Sequences and Series to Financial Maths
Extension: PDF | 52 pages
Applications of Geometric Sequences and Series to Financial Maths by Project Maths explores fundamental financial concepts through the lens of mathematical sequences. Discover how geometric progressions model loans, investments, and annuities, making complex calculations accessible.
#12 Financial Mathematics A Practical Guide for Actuaries and Other Business Professionals
Extension: PDF | 180 pages
Financial Mathematics A Practical Guide for Actuaries and Other Business Professionals por Chris Ruckman,Joe Francis,Kevin Shand is a valuable resource covering core concepts of mathematical finance, including interest rates, annuities, and financial instruments. It provides practical guidance and formulas essential for actuaries and finance profes...
#13 Advanced Financial Mathematics Lecture Notes Summer Term 2021
Extension: PDF | 229 pages
Advanced Financial Mathematics Lecture Notes Summer Term 2021 por Universitat Munster offers a comprehensive mathematical foundation for financial modeling. It covers essential topics like Black-Scholes, stochastic calculus, and bond markets, making it a valuable resource for understanding advanced financial concepts.
#14 Solving Annuity Formulas for Interest Rate Iterative Routines on the TI 83/84
Extension: PDF | 11 pages
Solving Annuity Formulas for Interest Rate – Iterative Routines on the TI 83/84 por Consortium for Mathematics and Its Applications teaches how to compute annuity interest rates using iterative methods programmed on TI 83/84 calculators. This PDF provides accessible, step-by-step guidance for financial calculations, making it valuable for student...
#15 Mathematics of Risk (Article)
Extension: PDF | 7 pages
Mathematics of Risk (Article) por Westfield State University presents a case study on auto insurance pricing, illustrating mathematical concepts such as random variables, probability, and expected value. This document is valuable for understanding the mathematical foundations of risk management in the insurance industry.
#16 Mathematics of Finance
Extension: PDF | 25 pages
Mathematics of Finance by Bangladesh Open University introduces core concepts like time value of money, interest, and depreciation. This PDF offers a solid foundation for understanding financial mathematics with practical examples.
#17 A Short Introduction to Arbitrage Theory and Pricing in Mathematical Finance for Discrete Time Markets With or Without Frictions
Extension: PDF | 27 pages
A Short Introduction to Arbitrage Theory and Pricing in Mathematical Finance for Discrete Time Markets With or Without Frictions por Emmanuel Lepinette is a concise overview of arbitrage theory, covering both frictionless and friction-affected discrete-time markets. This document provides essential insights into the fundamental concepts and conditi...
Here ends our selection of free Mathematical Finance books in PDF format. We hope you liked it and already have your next book!
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