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Terms and notation employed in interest
Ordinary and exact interest
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60 days accumulated amortization amount required annual payments annum payable antilog Antilogarithm April April 15 April 29 August 15 book value Calculate cash cent 51 cent bond cent convertible cent effective cent nominal convertible cent simple interest charge for depreciation column common logarithms compound interest convertible monthly convertible quarterly date of maturity debt decimal point denoted deposit Dividing both members effective rate equated capital exact interest example Example.—Find Exercises exponent Federal Land Bank figures Find the compound formula gives Hence Illustrative income installments interest payable invested January July Liberty Bond mantissa of log method money is worth monthly payments months nominal convertible semi-annually nominal rate convertible number consisting October 18 ordinary interest paid payable annually premium present value principal purchase rate of discount rate of interest savings bank sinking fund Solution specified table limit tabular difference whence yield rate