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Amortization: A Guide to the Ready Computation of the Investment Value of Bonds by the Use of the Extended Bond Tables (Classic Reprint)

Amortization: A Guide to the Ready Computation of the Investment Value of Bonds by the Use of the Extended Bond Tables (Classic Reprint)

ISBN: 9781333455477
Publisher: Forgotten Books
Publication Date: 2016-09-02
Any used item that originally included an accessory such as an access code, one time use worksheet, cd or dvd, or other one time use accessories may not be guaranteed to be included or valid. By purchasing this item you acknowledge the above statement.
$29.57

Excerpt from Amortization: A Guide to the Ready Computation of the Investment Value of Bonds by the Use of the Extended Bond Tables
If we were compelled to compute each separate value by arithmetic, the pro rata method would in most cases be easier; but where the values at all ordinary rates and times have been exactly calculated and tabu lated, as they are in sprague's bond values, it is quite as easy to use the scientific method.
The scientific method gives far more satisfactory results and equalizes the rate of interest during the life of the bond. If the simple method be applied to a seven-year 7% bond bought on a 4% basis, it will be found that the income on the investment value, instead of being a uniform varies from to It does not, therefore, result in giving the purchaser the exact periodical income upon the basis of which the bond was purchased, even for this short maturity.
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