Logarithms to 12 Places And Their Use in Interest Calculations
Logarithms to 12 Places And Their Use in Interest Calculations
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To quickly assess the difficulty of the text, read a short excerpt:
24 6430 4. 6430 990. 3629 20.
24. 7590 4. 7590 995. 1219 20.
24. 8781 4. 8781 1000. 0000 200.
243. 7603 43. 7603 70 Thk Doctrin of Interest In the six per cent, example the amortization is subtracted ; in the four per cent, example the amortization of discount (called also accumulation or accretion) is added. The figures in the two amortization colums are identical.
188. — This is the most natural method of valuation, and for one who only occasionally employs it, perhaps the safest. There are o...ther methods which in practis are briefer.
189. — The excess over par in the second example (six per cent, coupons), $43. 7603, is known as premium.
In the third example (four per cent, coupons), the value is less than par and the difference is known as discount, a word which has several meanings. When I have occasion to speak of both premiums and discounts I shall use the word variance ; that is, variance from par.
190. — The difference between the coupon-rate, or cash- rate, and the interest-rate, or income-rate, is the sole cause of the variance.
What to read after Logarithms to 12 Places And Their Use in Interest Calculations?
You can find similar books in the "Read Also" column, or choose other free books by Sprague, Charles E. (Charles Ezra), 1842-1912 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
24 6430 4. 6430 990. 3629 20.
24. 7590 4. 7590 995. 1219 20.
24. 8781 4. 8781 1000. 0000 200.
243. 7603 43. 7603 70 Thk Doctrin of Interest In the six per cent, example the amortization is subtracted ; in the four per cent, example the amortization of discount (called also accumulation or accretion) is added. The figures in the two amortization colums are identical.
188. — This is the most natural method of valuation, and for one who only occasionally employs it, perhaps the safest. There are o...ther methods which in practis are briefer.
189. — The excess over par in the second example (six per cent, coupons), $43. 7603, is known as premium.
In the third example (four per cent, coupons), the value is less than par and the difference is known as discount, a word which has several meanings. When I have occasion to speak of both premiums and discounts I shall use the word variance ; that is, variance from par.
190. — The difference between the coupon-rate, or cash- rate, and the interest-rate, or income-rate, is the sole cause of the variance.
What to read after Logarithms to 12 Places And Their Use in Interest Calculations?
You can find similar books in the "Read Also" column, or choose other free books by Sprague, Charles E. (Charles Ezra), 1842-1912 to read onlineMoreLess
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