ge leieg Wa Nl) aby, 
THEORY OF INTEREST APPLIED TO HIGHWAY-BOND CALCULATIONS, 
WITH SINKING FUND, ANNUITY, AND INTEREST TABLES FOR 
60 INTERVALS AND 14 RATES OF INTEREST. 
TABLE OF CONTENTS. 
PRETO UC ON a4 6 eo es ee Sas ae 
aI ION Spe res et ea an ep ee 
Merihemaficaliratess:....--2j2=--52-- 2225. 2c. 
MIITHETCIAlTALCH Mec oe ee seni eo 
Relation between effective and nominal rates 
OL TUG ip Bais Se Se eee ee See een 
Amount of 1 in n years at compound interest. 
pbtreydiscounmptaAChOres a2. 6 se -2ee eek ech eke 
MET OS COU IAIN ae ore yee en eI ce aes 
Amount of an immediate annuity-certain .. . 
Sinking fund which will amount to 1..._.... 
Present value of an immediate . annuity- 
eb bet Lien = Secs eres eas Semi ae Bisse: Vee 
Fundamental relations between the present 
value and the amount of an annuity......- 
The annuity which 1 will purchase.......... 
Installment annuity loan..............-...-.. 
Generalization of the annuity loan........... 
Relation between annuity which 1 will pur- 
chase and sinking fund which will amount 
Application to bond caleulations............. 
Dividends payable and interest convertible 
SPraucanlaliven ey, Pee SM 22s oles 
Valuation of bonds redeemed in installments. 
Installment bonds when total sum to be re- 
gaemied ish =. e592. . ee ee aera seen 
Page. 
92 
Senlalibondssic. 02a ee tsar ak Sen Poe ee ee 
Extension of formulas to case when dividends 
are payable and interest is convertible m 
WaIMCS “PeCPANN WM ese see ee eee 
General formula for valuation of bonds. - ---- 
Extension of term of tables.....-.-..-..-...- 
Valuation of serial bonds bearing semiannual 
Gividen dss 2322 i SS e ee eee Soe eae 
Ammuitys{DONGSS-4-pae- ope ee eee oe ae eee 
To finance a Joan of ZL by an issue of annuity 
bonds bearing interest or dividends at rate 
CPCTANN UM Se ess ae ee en ee 
Valuation of annuity bonds.............-.---- 
Table 31. Accumulation of 1 at end of n years. 
Table 32. Accumulation of annuity of 1 per 
annwmrapendion yearse ss e- —eeeeee 
Table 33. Annual sinking fund which will 
accumulate to 1 at end of m years....-..--- 
Table 34. Present value of 1 due in 7 years. - 
Table 35. Present value of annuity of 1 for n 
Table 36. Annuity for years which 1 will buy 
or annuity needed to discharge debt of 1 in 
WY CALSAWALMUINITCLOS tase = eee ee ae oe 
Table 37. Bid on bond for $100 to realize a 
given net income, interest payable semi- 
annually se ec leseeeee e S eS See 
114 
115 
116 
118 
126 
