Publisher's Synopsis
Excerpt from The Repayment of Local and Other Loans: Sinking Funds
Throughout the book the final results are expressed in decimal form. This course has been adopted partly in order to save time, but primarily to make the book applicable to any currency of a decimal nature; and it is recommended that all pro forma accounts should be prepared in this form.
The methods of adjustment described as the deductive method, the annual increment (ratio) method, and the annual increment (balance of loan) method, are not new. The terms have merely been used for convenience of reference.
The actual compilation of the book has occupied considerable time, and it has not been written in the consecutive order in which it is now presented to the reader. It has involved the preparation of many standard forms and statements, and very many calculations which are not given in the text. Every effort has been made to ensure absolute accuracy of detail, but in a few cases the final decimal figure in the result obtained may not agree with the result found by another method, and the same applies to the final figure of some of the logs. These small differences are not, however, of any practical importance. The cross-references to other results have been carefully compared, but they are very numerous and a few errors may be found.
The methods adopted, and the results obtained, have been in all cases verified by, an alternative method of proof, even where it is not shown in detail in the text. The summaries of methods, and the rules and formulae given in italics at the head of the various chapters have been in all cases carefully compared with the individual statements and with each other, and a uniform wording has, as far as possible, been adopted throughout.
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