How to make sound investment decisions: Fundamentals of Investment Appraisal, 2nd edition, is based on long-term experience with students and is written in an easily understood style. A Case study has been constructed to illustrate all methods discussed. THe goal of the book is to pace a sure way through the variety of methods in investment appraisal. MAthematical basics are specifically explained in detail. THe book shows clearly why there are different methods in investment appraisal and on where to focus in a given situation. AS all methods are introduced by the same case study, it is easy to compare and evaluate the results. THe statements in the text are further consolidated by abstracts and evaluations of each of the methods. EXercises with extensive solutions will lead to the confidence which is necessary for an ease of handling the investment appraisal techniques and for a good preparation for students' exams. GErman and international students at universities and other institutions of higher education will find this book an excellent systematic preparation for their exams.