Excerpt from Logarithms to 12 Places and Their Use in Interest Calculations
The need Of a logarithmic table for special cases, where the usual five-figure and seven-place results are insufficient, is Often felt by the accountant and the actuary. Rough results will answer for approximativ purposes but where it is desir able, for instance, to construct a table Of amortization, sinking fund or valuation of a lease at an unusual rate, for a large amount and for a great many years, exactness is desirable and becomes self-proving at the end.
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