ISBN: 9781332144686 - institute of actuaries', vol. 1: text-book of the principles of interest, life annuities, and assurances, and their practical application (classic reprint) (3 resultados)

PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000.

PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000.

Paperback. Condición: New. Print on Demand. This book provides a comprehensive exploration of the theory of compound interest and annuities. Delving into a topic crucial to financial understanding since the dawn of banking, the author meticulously unpacks the underlying principles of interest accumulation, discounting, and the intricate mathematics of annuities. The work is designed to be accessible to students with varying levels of prior knowledge, with a dedicated chapter on the fundamentals of the infinitesimal calculus for those unfamiliar with the subject. The author thoroughly examines the relationships between nominal and effective rates of interest, meticulously defining and illustrating these concepts with clear examples. The book goes further, examining the impact of varying interest rates and the complexities of financial transactions involving multiple payments or debts. By illuminating the crucial interplay of time, principal, and interest, the author provides a foundation for understanding the core mechanisms of financial transactions, offering valuable insight into the dynamics of debt, investment, and the determination of fair pricing in various financial scenarios. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.…