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Intermediate

Financial math essentials

A practical, example-driven path through the core mathematics of finance: simple and compound interest, present and future value, discounting, annuities, NPV (VPL) and IRR (TIR), and an intuitive introduction to bond duration and convexity.

11 lessons 46 min
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01

The time value of money

Why money today is worth more than money tomorrow, and how to measure it.

02

Cash flows, NPV and IRR

Valuing streams of money over time — annuities, NPV (VPL) and IRR (TIR).

03

Fixed-income math

Pricing bonds and measuring their risk — duration and convexity, intuitively.

Risk disclaimer

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