Suggested Readings

LINDSTROM, PETER A. Nominal vs. Effective Rates of Interest. UMAP Modules in Undergraduate Mathematics and Its Applications: Module 474. COMAP, Inc., Arlington, MA, 1988. Reprinted in Paul J. Campbell (ed.), UMAP Modules: Tools for Teaching 1988, COMAP, Inc., Arlington, MA, 1989, pp. 21–53. A learning module, requiring no more background than this chapter, that teaches about nominal and effective rates of interest and how to calculate them. It gives real examples of banks using different options for calculating interest.

MILLER, CHARLES D., VERN E. HEEREN, and JOHN HORNSBY. Consumer mathematics. In Mathematical Ideas, 11th ed., Pearson Education/Addison Wesley Longman, Boston, MA, 2007.

VEST, FLOYD, and REYNOLDS GRIFFITH. The mathematics of bond pricing and interest rate risk. Consortium (COMAP), 59 (Fall 1996): HiMAP Pullout Section 1–6.

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