Compound Interest Functions

Compound Interest Functions

Practical Tables Series

1st Edition - January 1, 1967

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  • Author: C. Attwood
  • eBook ISBN: 9781483152769

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Practical Table Series, No. 8: Compound Interest Functions focuses on compound interest tables that are applied to mathematical problems concerned with loans, annuities, mortgages, leases, and different forms of investment. This book provides the compound interest functions on 1/16 to 2 7/16 per cent at interval 1/16 per cent; 2 ½ to 4 7/8 per cent at interval 1/8 per cent; and 5 to 10 per cent at interval 1/4 per cent. The tables on i/i(p)and force of interest δ, and 10-figure logarithms are also included. The rest of this publication’s content are devoted to notes on the mathematics of compound interest, providing guidance through the mathematical complexities of the more elementary parts of this subject. Some of the topics discussed include the definitions; effective and nominal rate of interest; present value and compound discount; continuous conversion of interest; annuities–definitions and symbols; interpolation using second differences; yield on a bond; and short history of tables of compound interest. This text is a good source to students, as well as individuals who have not had the opportunity to study the theory on compound interest functions.

Table of Contents

  • Preface


    Synopsis of Contents of Tables

    Compound interest functions

    1/16 Per Cent to 2 7/16 Per Cent at Interval 1/16 Per Cent

    2 1/2 Per Cent to 4 7/8 Per Cent at Interval 1/8 Per Cent

    5 Per Cent to 10 Per Cent at Interval 1/4 Per Cent

    i/i(p) and Force of Interest δ = loge(1+i)

    10-Figure Logarithms of (1+i)

    Notes on Compound Interest

    1. Definitions

    2. Effective and Nominal Rate of Interest

    3. Non-financial Applications and Continuous Rate of Growth

    4. Compound Amount

    5. Present Value and Compound Discount

    6. Extending the Tables of (1+i)n and (1+i)-n

    7. Fractional Interest Periods in Twelfths

    8. Relation between Effective and Nominal Rates of Interest

    9. Continuous Conversion of Interest

    10. Force of Interest

    11. Linear Interpolation for n and i in (1+z)n and (1+i)-n

    12. Calculating the Time Period

    13. Calculating the Rate of Interest

    14. Annuities—definitions and Symbols

    15. Amount and Present Value of an Immediate Annuity

    16. The Continuous Annuity

    17. The Annuity-due

    18. Extending the Tables of sn and an

    19. Sinking Fund

    20. Amortization

    21. The Deferred Annuity

    22. The General Annuity

    23. The General Annuity-due

    24. The Perpetuity

    25. The General Perpetuity

    26. Capitalization

    27. Interpolation Using Second Differences

    28. Inverse Interpolation with Second Differences

    29. Redeemable Securities

    30. Yield on a Bond

    31. Short History of Tables of Compound Interest

    32. Selected Bibliography


Product details

  • No. of pages: 234
  • Language: English
  • Copyright: © Pergamon 1967
  • Published: January 1, 1967
  • Imprint: Pergamon
  • eBook ISBN: 9781483152769

About the Author

C. Attwood

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