Compound Interest |
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accumulation algebraically amortized amount annual payments annual rate annuity annum annum compounded approximately Assuming average balance bearing borrower bought capital cash cent CHAPTER compounded computed consider correct corresponding cost coupon rate debt deposits Determine discount divide duration earn effective effective annual equal equation equivalent example EXERCISES expression figures Find Find the price five formula four give given half half-year half-yearly coupons hence increase instalments interest payments interest rate investment investor issue January less loan Makeham's maturity method monthly payments months multiply nominal obtained offer original outstanding paid payable payments period premium present value principal Prove purchaser quarter quarterly rate of interest receive redeemed repaid respectively result schedule selling semi-annual Show side sinking fund straight term bond tables true uniform unit Verify whole worth yearly yield rate