Institute of Actuaries Text book of the Principles of Interest Life Annuities

Cover Institute of Actuaries Text book of the Principles of Interest Life Annuities
Institute of Actuaries Text book of the Principles of Interest Life Annuities
Institute of Actuaries (Great Britain)
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5s. Gd. The value of to five places is -02320. Hence the hall'-vearlv pavmpnt if calculated by a table giving the values o£ — ^ to five places only, would be £2, 320, which differs by 5s. Gd. From the correct result.
(iv) The principal objects to bo attained in the arrangement of tables are («) facility and celerity in use when numerous values have to be extracted, (i) minimization of the risk of en-or from the use of the wrong table, in case of an isolated reference.
The most important distinc
...tion in regard to arrangement is that in some tables the values of the several functions at each rate of interest are exhibited ia parallel columns, whereas in others the values of each function at the various rates of interest are brought together. In the determination of an unknown rate of interest the latter arrangement is more convenient.
4. In calculations in which great accuracy is required it may be necessary to determine the requisite values from the elementary formulas by means of logarithms.


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