## The theory of interestThe book is a thorough treatment of the mathematical theory and practical applications of compound interest, or mathematics of finance. |

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### Contents

The measurement of interest | 1 |

Solution of problems in interest | 35 |

Basic annuities | 58 |

Copyright | |

9 other sections not shown

### Common terms and phrases

accumulated value accumulation function adjustable rate mortgage amortization schedule amount of interest amount of principal annual effective rate annual percentage rate annuity annuity-due annuity-immediate answer applied asset assume Black-Scholes formula book value borrower calculations callable bond called Chapter common stock compound interest computed consider convertible quarterly convertible semiannually denoted deposit depreciation dividends equal equation of value equivalent Example exercise Find an expression force of interest formula geometric progression illustrated installment interest conversion period interest earned interest is convertible interest paid interest rate interest tables investor involving iteration lender nearest dollar nominal rate obtained options outstanding loan balance portfolio preferred stock premium present value rate of discount rate of interest reader redemption date redemption value reinvestment rates risk risk-free Section simple discount simple interest sinking fund spot rates term transaction truth in lending verbal interpretation yield curve yield rate zero coupon bonds