Mathematics for the Accountant (Classic Reprint) - Softcover

Eugene R. Vinal

Softcover

ISBN 10: 1330020383 ISBN 13: 9781330020388

Publisher: Forgotten Books, 2018

Synopsis

Excerpt from Mathematics for the Accountant

There is a great deal to be said in favor of the inclusion of actuarial problems and we believe that the need for knowledge of this kind will increase as time goes on. Heretofore there have been many accountants who have had practically no need to exercise any knowledge which they have possessed of actuarial matters, but with the growth of accounting work and the broadening of its scope, there must be many problems which can be solved at a great saving of time and effort if the accountant be able to deal with them with the advantage of actuarial knowledge.

This requirement seems to imply a general study of com pound interest and its application to those problems which are commonly solved by simple interest. It is axiomatic that every dollar in the business world is at work; it is earning other dollars either for its owner or for someone else. At the end of every fiscal period all these earnings, after deduction of expenses, should become capital, and the same or a larger income rate should be earned on this increased capital. Such studies are compound interest and present worth, with the various aspects of interest rates; annuities, immediate, due or deferred; their amount and present worth; sinking funds and various related prob lems in valuation of assets; amortization; bond valuation in its many aspects.

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Edition details

• Publisher: Forgotten Books
• Publication date: 2018
• Language: English
• ISBN 10: 1330020383
• ISBN 13: 9781330020388
• Binding: Paperback
• Number of pages: 228