## The Theory of Interest1. The Measurement of Interest ; 2. Solution of Problems in Interest ; 3. Elementary Annuities ; 4. More General Annuities ; 5. Yield Rates ; 6. Amortization Schedules and Sinking Funds ; 7. Bond and Other Securities ; 8. Practical Applications ; 9. More Advanced Financial Analysis ; 10. A Stochastic Approach to Interest ; APPENDIXES I. Table of compound interest functions ; II. Table numbering the days of the year ; III. Basic mathematical review ; IV. Statistical background ; V. An introduction to finite differences ; VI. Iteration methods ; VII. Further analysis of varying annuities ; VIII. A general formula for amortization with step-rate amounts ofprinciple ; Bibliography ; Answers to the exercises ; Index. |

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### Contents

The measurement of interest | 1 |

Solution of problems in interest | 35 |

Basic annuities | 58 |

Copyright | |

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### Common terms and phrases

accumulated value accumulation function adjustable rate mortgage amortization schedule amount of interest amount of principal annual effective rate annual percentage rate annuity annuity-due annuity-immediate answer applied asset assume Black-Scholes formula book value borrower calculations callable bond called Chapter common stock compound interest computed consider convertible quarterly convertible semiannually denoted deposit depreciation dividends equal equation of value equivalent Example exercise Find an expression force of interest formula geometric progression illustrated installment interest conversion period interest earned interest is convertible interest paid interest rate interest tables investor involving iteration lender nearest dollar nominal rate obtained options outstanding loan balance portfolio preferred stock premium present value rate of discount rate of interest reader redemption date redemption value reinvestment rates risk risk-free Section simple discount simple interest sinking fund spot rates term transaction truth in lending verbal interpretation yield curve yield rate zero coupon bonds