## Mathematics of Finance |

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### Contents

THE FOUR FUNDAMENTAL ALGEBRAIC OPERATIONS | 1 |

Solution of a linear equation | 14 |

Multiplication and reduction of fractions | 19 |

Copyright | |

29 other sections not shown

### Common terms and phrases

accumulated value amortization amount annual payments annuity due arithmetic mean bond is bought bond of Problem book value called cent class mark coefficient column compound interest compounded annually compounded monthly compounded quarterly compounded semi-annually compute Consequently conversion period converted annually converted quarterly converted semi-annually cost debt denominator determine equal payments equation Example Exercise exponents face value factors Find the accumulated Find the present formula fraction furthermore geometric progression given Hence income interest period interest rate interpolation invested issued level annual premium logarithm machine mantissa marked price maturity value mils money is worth months multiplying nominal rate number of interest obtained ordinary annuity paid payable periodic payment periodic rent present value Problem 17 Problems 9 radicand rate converted redemption price repairs and operation scrap value semi-annual payment simple interest single premium Solution Solve subtracting symbol term whole life insurance yield rate