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The Accountancy of Investment (Classic Reprint)

The Accountancy of Investment (Classic Reprint)

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Library Hr IGS7 PREFACE A mong the published works of the late Colonel Sprague, there are four which deal particularly with certain mathematical phases of accounting, viz.: Text Book of the Accountancy of Investment ;A mortization ;L ogarithms to 12 Places and Their Use in Interest Calculations ;and Extended Bond Tables. Since the authors death in March, 1912, it has become desirable to combine the first three of these publications into one volume, in order to serve more effectively the needs of business men and students of accounting by presenting the material in compact and convenient form. The present volume is the result of this consolidation. In it has been incorporated everything of practical value contained in the three works mentioned, while at the same time the special features of those books have been amplified by additional text matter and problems, wherever such additions have seemed desirable for the sake of more adequate treatment. In conformity with the usual and commendable practice of Colonel Sprague, the reviser has avoided as far as possible the use of the more difficult mathematical demonstrations and formulas, believing that thereby the book will prove of greater utility to practicing accountants, bankers, and other business men. On this point we quote from the authors original preface: Treatises on this subject (M athematics of I nvestment), written for actuarial students, are invariably too difficult, except for those who have not only been highly trained in algebra, but are fresh in its use, and this makes the subject forbidding to many minds.(Typographical errors above are due to OCR software and don't occur in the book.)About the Publisher Forgotten Books is a publisher of historical writings, such as: Philosophy, Classics, Science, Religion, History, Folklore and Mythology.Forgotten Books' Classic Reprint Series utilizes the latest technology to regene