Excerpt from Amortization: A Guide to the Ready Computation of the Investment Value of Bonds by the Use of the Extended Bond Tables If we were compelled to compute each separate value by arithmetic, the pro rata method would in most cases be easier; but where the values at all ordinary rates and times have been exactly calculated and tabu lated, as they are in sprague's bond values, it is quite as easy to use the scientific method. The scientific method gives far more satisfactory results and equalizes the rate of interest during the life of the bond. If the simple method be applied to a seven-year 7% bond bought on a 4% basis, it will be found that the income on the investment value, instead of being a uniform varies from to It does not, therefore, result in giving the purchaser the exact periodical income upon the basis of which the bond was purchased, even for this short maturity. 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.