The Doctrine of Compound Interest: Illustrated and Applied to Perpetual Annuities, to Those for Terms of Years Certain, to Life-Annuities, and Generally to Prospective Transactions (Classic Reprint)

Excerpt from The Doctrine of Compound Interest: Illustrated and Applied to Perpetual Annuities, to Those for Terms of Years Certain, to Life-Annuities, and Generally to Prospective Transactions

The ratio of Terminsble Annuities is compounded of the rate of Interest, with a surplus adequate to recompose the Capital at the expiration of the term.

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