Compound Interest and Annuities-Certain

Originally published in 1953, on behalf of the Institute of Actuaries and the Faculty of Actuaries, this book presents an account regarding 'the application of the theory of compound interest'. Numerous illustrative examples and exercises are included. This book will be of value to anyone with an interest in the nature of compound interest and financial history.

Preface; 1. Basic conceptions and general ideas; 2. Definitions and elementary propositions; 3. On the solution of problems in compound interest; 4. The valuation of annuities-certain; 5. Analysis of the annuity; 6. Capital redemption policies; 7. Valuation of securities; 8. Valuation of securities - continued; 9. Cumulative sinking funds; 10. Income tax; 11. Varying rates of interest. Determination of yields; 12. Construction of tables; Answers to exercises; Compound interest tables; Index.