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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 charge annual payments annuity due antilog asset binomial theorem book value borrower building and loan Calculate cash cent 1J cent 51 cent bond cent effective cent nominal convertible charge for depreciation column common logarithms compound amount compound interest computed convertible monthly cost coupon bond coupon rate decimal denote deposit depreciation charges effective rate equated capital example Exercises Federal Land Bank Find the amount Find the compound follows formula fraction gives Hence Illustrative interest date interest payable invested issue July Liberty Bond Loan Association LOGARITHMS OF NUMBERS mantissa of log money is worth monthly payments months Natural Logarithms nominal convertible semi-annually paid payable annually person of age present value probability problem profits purchase rate of interest redeemed scrap value semi-annual payment share simple interest Solution specified Substituting table limit term valuation whence yield rate