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 66
... annual instalments of prin- cipal and interest over a period of 15 years . The total amount of interest in- cluded ... level annual combined repayment . If you are using the endowment plan , calculate what the cost would have been on the ...
... annual instalments of prin- cipal and interest over a period of 15 years . The total amount of interest in- cluded ... level annual combined repayment . If you are using the endowment plan , calculate what the cost would have been on the ...
Page 73
... level annual combined repayments of £ 1188 over the remaining 7 years . It may therefore seem superfluous to ask another question : What level annual combined repayment is necessary to redeem a loan of £ 7132 at 4 % over 7 years ? From ...
... level annual combined repayments of £ 1188 over the remaining 7 years . It may therefore seem superfluous to ask another question : What level annual combined repayment is necessary to redeem a loan of £ 7132 at 4 % over 7 years ? From ...
Page 74
... level annual combined repayment ] × [ the annuity - factor for the un- expired term ] , or , in abbreviated form ... annual repayment has been paid ) simply because the factors which will be used to evaluate the outstanding capital are ...
... level annual combined repayment ] × [ the annuity - factor for the un- expired term ] , or , in abbreviated form ... annual repayment has been paid ) simply because the factors which will be used to evaluate the outstanding capital are ...
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
accumulated algebra amount annual instalment annual premium annuity annum answer appear apply approximately arrears Assuming average becomes beginning borrower building calculate called capital Capital outstanding Chapter compound interest consider convertible course decimal place difference discount dividend dividing earned effective rate equal equation equivalent examination example expression fact figure formula future Give given grows half half-year half-yearly immediate income increase interest rate invested investor lender less loan look means Memorize method multiplying nearer nominal rate original paid payable payment perhaps period policy value precisely present value produce purchase price question rate of interest receive redeemable redemption repaid repayment represents revised shares shillings simply sinking fund assurance sum assured symbols tables term thing unit whole write year's yearly yield