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. |
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