Compound Interest Simplified

Compound Interest Simplified is designed to help the average student pass the Part C examination paper called Fundamentals of Compound Interest for the Associateship of the British Chartered Insurance Institute. This book is organized into two parts. Part I discusses concepts relevant to compound interest. These include annuities in arrears and advance, capital redemption policies, yields on life fund and redeemable securities and the convertibility of effective and nominal interests. Part II provides a more detailed discussion of simple interest, abstractions, and logs and limits. The book also provides a plan of study, tips on examination procedures, and preparations for examinations. This book will be of interest to students preparing of life insurance examinations and to students studying privately or by correspondence.