Compound Interest SimplifiedCompound Interest Simplified is designed to help the average student pass the Part C examination paper called Fundamentals of Compound Interest for the Associateship of the British Chartered Insurance Institute. |
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Page 69
... Capital capital outstanding at the beginning of the Capital repaid outstanding at end of year £ 8000 year 0.04 × £ 8000 = £ 320 £ 1188 4s . ( annual pay- ment ) - £ 320 ( interest on capital out- £ 8000 ( capital outstanding at ...
... Capital capital outstanding at the beginning of the Capital repaid outstanding at end of year £ 8000 year 0.04 × £ 8000 = £ 320 £ 1188 4s . ( annual pay- ment ) - £ 320 ( interest on capital out- £ 8000 ( capital outstanding at ...
Page 74
... Capital outstanding after 1st year = Ra - 1 = Ra ( 12.1 ) Similarly , the capital outstanding at the end of any year ( just after the yearly payment has been made ) is equal to [ the level annual combined repayment ] × [ the annuity ...
... Capital outstanding after 1st year = Ra - 1 = Ra ( 12.1 ) Similarly , the capital outstanding at the end of any year ( just after the yearly payment has been made ) is equal to [ the level annual combined repayment ] × [ the annuity ...
Page 76
... outstanding , by level instalments of principal and interest combined , over a term of ʼn years . R = Lan Capital outstanding Level annual combined repayment = Interest on Capital outstanding Capital Capital outstanding repaid at ...
... outstanding , by level instalments of principal and interest combined , over a term of ʼn years . R = Lan Capital outstanding Level annual combined repayment = Interest on Capital outstanding Capital Capital outstanding repaid at ...
Contents
Growth and Accumulation of Money | 3 |
Discounts and Present Values | 11 |
Annuities in Arrears | 16 |
Copyright | |
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Common terms and phrases
algebra an-t annual combined repayment annual payments annual premium annuity in arrears annuity-due annum payable approximately Assuming an effective average capital invested bearing interest borrower building society C₁ calculate capital appreciation Capital outstanding capital redemption policy Capital repaid Chapter Chartered Insurance Institute compound interest consider convertible half-yearly cumulative sinking fund debenture decimal place difference discount dividend effective rate equal equation of value example figure formula geometric progression Give your answer half-year immediate annuity immediate annuity-certain interest rate investor lender level annual combined loan maturity date Memorize method multiplying nearer first decimal nearer shilling nominal rate number of shillings paid-up sum assured parsecs payable yearly present value principal and interest purchase price question rate of interest redeemable security redemption value reinvest sinking fund assurance Sn-t symbols uniform annual instalments unit per annum write year's yearly in advance yearly in arrears ат