Kellison Reading Notes

Kellison Reading Notes - T T H H E E T T H H E E O O R R Y...

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Unformatted text preview: T T H H E E T T H H E E O O R R Y Y O O F F I I N N T T E E R R E E S S T T S S E E C C O O N N D D E E D D I I T T I I O O N N S S T T E E P P H H E E N N G G . . K K E E L L L L I I S S O O N N R R E E A A D D I I N N G G N N O O T T E E S S W W E E D D N N E E S S D D A A Y Y , , S S E E P P T T E E M M B B E E R R 2 2 7 7 , , 2 2 6 6 K ELLISON ’ S R EADING N OTES – T ABLE OF C ONTENTS Chapter 1 – The Measurement of Interest....................................................................................................4 1.1 – Introduction.....................................................................................................................................4 1.2 – The Accumulation and Amount Functions .....................................................................................4 1.3 – The Effective Rate of Interest .........................................................................................................4 1.4 – Simple Interest ................................................................................................................................4 1.5 – Compound Interest..........................................................................................................................5 1.6 – Present Value ..................................................................................................................................5 1.7 – The Effective Rate of Discount.......................................................................................................6 1.8 – Nominal Rates of Interest and Discount .........................................................................................6 1.9 – Forces of Interest and Discount ......................................................................................................7 1.10 – Varying Interest ............................................................................................................................7 Chapter 2 – Solutions of Problems in Interest .............................................................................................8 2.1 – Introduction.....................................................................................................................................8 2.2 – Obtaining Numerical Results..........................................................................................................8 2.3 – Determining Time Periods..............................................................................................................8 2.4 – The Basic Problem..........................................................................................................................8 2.5 – Equations of Value..........................................................................................................................9 2.6 – Unknown Time ...............................................................................................................................9 2....
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This note was uploaded on 11/02/2011 for the course STOR 372 taught by Professor Dunn during the Spring '11 term at UNC.

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Kellison Reading Notes - T T H H E E T T H H E E O O R R Y...

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