Fundamental Procedures of Financial Mathematics |
Contents
The Mechanics of Percent Problems | 1 |
Taxation | 13 |
Commission Transactions | 26 |
Copyright | |
23 other sections not shown
Common terms and phrases
accumulated agreed to pay annual premium annuity due Annuity Table base bond borrow cash commission Compound Amount Table compound interest compounded monthly compounded quarterly compounding date compounding interval computed contract Contract for Deed cost debt deposit determine the amount determine the interest determine the number determine the payment determine the present discount rate Divide entry equal payments EXAMPLE The Problem Find fraction income interest rate interval Step investment July July 13 list price loan margin rate mark-up rate marked price maturity value ment mills per dollar Multiply number of compounding number of pay number of payments ordinary annuity paid payment interval payment Step percent rate principal PROBLEM SET PROCEDURE Step rate of interest rate per compounding rate per payment rate Step receive redemption value residue rate selling price simple interest sold Solve the following Subtract temporary life annuity term term life insurance unpaid balance