Compound Interest Simplified
The Commonwealth and International Library: Social Administration, Training, Economics, and Production Division
- 1st Edition - November 11, 2013
- Latest edition
- Author: Guy E. Churchill
- Editors: R Brown, G. Chandler, W. A. Davis
- Language: English
Compound Interest Simplified is designed to help the average student pass the Part C examination paper called Fundamentals of Compound Interest for the Associateship of the British… Read more
Compound Interest Simplified is designed to help the average student pass the Part C examination paper called Fundamentals of Compound Interest for the Associateship of the British Chartered Insurance Institute. This book is organized into two parts. Part I discusses concepts relevant to compound interest. These include annuities in arrears and advance, capital redemption policies, yields on life fund and redeemable securities and the convertibility of effective and nominal interests. Part II provides a more detailed discussion of simple interest, abstractions, and logs and limits. The book also provides a plan of study, tips on examination procedures, and preparations for examinations. This book will be of interest to students preparing of life insurance examinations and to students studying privately or by correspondence.
ForewordPrefacePlan of StudyPart I 1 Growth and Accumulation of Money 2 Discounts and Present Values 3 Annuities in Arrears 4 Annuities in Advance 5 Deferred Annuities 6 Perpetuities 7 Deferred Perpetuities 8 Some Odd Annuities 9 Even Odder Annuities 10 Mortgages and other Loans repaid by Level Installments 11 Schedule Construction 12 The Anatomy of the Annuity 13 Cumulative Sinking Funds 14 Accumulation of a So-called Immediate Annuity 15 Accumulation of an Annuity-due 16 Relationships between Annuity-values and Accumulated Annuity-amounts 17 Capital Redemption Policies: The Annual Premium 18 Capital Redemption Policies: The Retrospective Policy Value 19 Capital Redemption Policies: The Prospective Policy Value 20 Equations of Value 21 Capital Redemption Policies: The Paid-up Sum Assured 22 Some Odd Capital Redemption Policies 23 Interest, Yields, Capital and the Stock Exchange 24 Valuation of Redeemable Securities 25 Yields on Redeemable Securities 26 Yields on Life Funds 27 Convertibility: Nominal and Effective Interest Rates 28 Preparing for the ExaminationsPart II The Syllabus in More Detail 29 Simple Interest Confounded 30 Abstractions 31 Logs and Limits 32 More Discounts 33 More Abstractions 34 More Anatomy 35 Per Ardua ad Astra Appendixes 1 A Brief Refresher Course on Solving Equations 2 Rules of Indices in Algebra and Arithmetic 3 Summing Geometric Progressions 4 Interpolation 5 Decimalizing Shillings and Pence 6 Index and Summary of Equations 7 Tables of Sn-
- Edition: 1
- Latest edition
- Published: November 11, 2013
- Language: English
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Canberra, AustraliaRead Compound Interest Simplified on ScienceDirect