The Dow Jones-Irwin guide to interest: What you should know about the time value of money

There are only three things you can do with your money—spend it, lend it, or invest it! And, no matter which course you choose, this guide will help you to do it better.

If you want to achieve financial independence, maximize your savings and investments, and cut borrowing costs, this book is indispensable. This extraordinary volume makes calculations easier through the use of concise, time-saving graphs. It will prove invaluable to investors, bankers, financial planners, accountants, and homeowners—in short to anyone who pays or earns interest.

In seconds The Dow Jones-Irwin Guide to Interest will answer complicated money problems such as:

• If I can afford to pay $325.00 per month, how large a house loan can I obtain?

• If my investment earns 12% compound, how much will it be worth after 20 years if I add an additional $100.00 per month to my original investment?

• If I buy a bond for $800.00 which matures in 13 years, paying interest of $60.00 per year, what is my yield to maturity?

• How much money do I need to invest each month in order to have a $2,000.00 per month income when I retire?

Nine new chapters have been added to this revised edition covering return on investment, discounted cash flow, mortgage points, personal financial planning, yield to call, probability, and bond selection. The Dow Jones-lrwin Guide to Interest will serve you well as the “expert at your side” in virtually every type of financial decision that you must make.