T/ZZES
EXPLANATION OF TABLE 23
AMOUNT OF ONE DoLLAR AT INTEREST CoMPOUNDED EVERY Six MONTHS
Table 23 gives the amount of $1 at interest rates from 1 per
cent to 10 per cent compounded every six months. These
amounts are given for every year up to and including 10 years
and for ro-year periods from 10 years to so years. The use of
this table for periods of years not specifically given in the table
is illustrated by the examples.
Example. — (a) What is the amount of $1 at 33 per cent
interest for 37 years? The figures for thirty years and for seven
years are taken from the 3} per cent column and multiplied
together.
$1 X 2.107181347 X 1.189954749 = $2.507450453.
(b) What is the amount of $1 at 6 per cent interest for 70
years? The figures for 20 years and for 50 years are taken from
the 6 per cent column and multiplied together.
$1 X 10.218631981 X 3.262037792 = $62.691903701.
(¢c) What is the amount of $1,623,425.25 at 4 per cent interest
for 14 years?
The figures for 10 years and for 4 years are taken from the
4 per cent column, multiplied together and the result multiplied
by $1,623,425.25.
$1.485947396 X 1.171659381 X 1,623,425.25 = $2,826,422.65.

BL 345