Compound Interest Simplified: The Commonwealth and International Library: Social Administration, Training, Economics, and Production Division
Compound 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.
This book is organized into two parts. Part I discusses concepts relevant to compound interest. These include annuities in arrears and advance, capital redemption policies, yields on life fund and redeemable securities and the convertibility of effective and nominal interests. Part II provides a more detailed discussion of simple interest, abstractions, and logs and limits. The book also provides a plan of study, tips on examination procedures, and preparations for examinations.
This book will be of interest to students preparing of life insurance examinations and to students studying privately or by correspondence.
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The Syllabus in More Detail
A Brief Refresher Course on Solving Equations
Rules of Indices in Algebra and Arithmetic
Summing Geometric Progressions
Decimalizing Shillings and Pence
Index and Summary of Equations
Tables NOT hitherto supplied to CII Examination Candidates in the Examination room
Tables as hitherto supplied to CII Examination Candidates at the Examination
algebra 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 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 deferred difference discount dividend effective rate equal equation of value examination example figure formula future 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 payment being due present value principal and interest purchase price question rate of interest redeemable security redemption value reinvest sinking fund assurance symbols tables uniform annual instalments unit per annum write year's yearly in advance yearly in arrears