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Definitions for Compound and Simple Interest
'if (1) a(l) = 1 + i and (2) a(t + s) = a(t)a(s) for all real s and t. The second statement may be ... follows: A $1 investment accumulates to a(t + s) after t + s years. If however the accumulated value is ...- Authors: James D Broffitt, Stuart Klugman
- Date: Jan 1982
- Competency: External Forces & Industry Knowledge>Actuarial theory in business context
- Publication Name: Actuarial Research Clearing House
- Topics: Actuarial Profession>Professional development; Finance & Investments>Investments