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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 ...

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    • 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
  • Definitions For Compound and Simple Interest
    rate i if (1) a(1) = 1 + i and (2) a(t + s) = a( for all real s and t. The second statement may he explained ... follows: A $1 invcstmcnt accun\ulates to a(t + s) alter t + s years. lf, however, the accumulated value is ...

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    • Authors: James D Broffitt, Stuart Klugman
    • Date: Jan 1983
    • Competency: Technical Skills & Analytical Problem Solving
    • Publication Name: The Actuary Magazine
    • Topics: Actuarial Profession>Professional development