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On the Solution of Problems connected with Loans repayable by Instalments

Published online by Cambridge University Press:  18 August 2016

W. M. Makeham
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Extract

The only treatise of any value on this subject that I am acquainted with is a paper by Mr. Peter Gray, in vol. xiv of the Journal of the Institute of Actuaries. Considering the magnitude of the pecuniary interests frequently involved in transactions of the nature referred to, it is somewhat surprising that Mr. Gray's valuable labours have not, ere this, been followed up by contributions from other writers on the doctrine of Interest and Annuities. This, I think, is much to be regretted,—and must form my apology for the following attempt to add something to what Mr. Gray has given us.

Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 18 , Issue 2 , January 1874 , pp. 132 - 143
Copyright
Copyright © Institute and Faculty of Actuaries 1875

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References

page 138 note * It is evident by inspection of the table that v 78 × 4·367, the value of the final extra payment, has no significant effect in the value of C'.