Download or read book Mathematics for the Accountant (Classic Reprint) written by Eugene R. Vinal and published by Forgotten Books. This book was released on 2018-02-14 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.