 | James Alexander McLellan, John Dewey - 1895 - 336 halaman
...much more have we than the original sum? jVVfrVinj- o^ sum ; therefore, interest = ^oVoVo of sum = of amount, etc. The pupil should be told that in all...is plainly that of principal to interest. Thus, it be easy to find the cash value of any given perpetual annuity, or to find the perpetual annuity that... | |
 | James Alexander McLellan, John Dewey - 1895 - 356 halaman
...we than the original sum ? iVsVoVo of original sum ; therefore, interest = iVoVoVo of sum = TrVfWsof amount, etc. The pupil should be told that in all...is plainly that of principal to interest. Thus, it will be easy to find the cash value of any given perpetual annuity, or to find the perpetual annuity... | |
 | Arthur Sullivan Gale, Charles William Watkeys - 1920 - 464 halaman
...is, The compound interest on each payment is obtained by the method of the preceding section. Since the first payment is made at the end of the first year, the first payment is at interest for n — 1 years and amounts to R(l + i)n-1. The second payment is... | |
 | Lloyd Leroy Smail - 1925 - 338 halaman
...1 per annum for 5 years, if money is worth 4%. For determining the amount of the annuity, note that the first payment is made at the end of the first year and has 4 years in which to earn interest until the end of the term of 5 years, so that its compound... | |
 | Arthur McCracken Harding, George Walker Mullins - 1928 - 344 halaman
...the annuity. EXAMPLE. Find the amount of an annuity of $1 per annum for 4 years if money is worth 4%. The first payment is made at the end of the first year and has three years to accumulate; the second payment has two years to accumulate; the third payment... | |
 | Herbert T. Spiro - 1996 - 324 halaman
...the savings account and draw interest for n-1 periods. Assume the annuity contract is for five years. The first payment is made at the end of the first year, earning interest for the remaining four years. The second deposit will be made at the end of the second... | |
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B would be undertaking an equivalent if he would* agree (for himself and his heirs) to pay to B (and his heirs) $6 at the end of each year, for all time. This $6 supposed paid at the end of each year is called an annuity ; as it runs for all time, it... 