{"id":"https://openalex.org/W2997516137","doi":"https://doi.org/10.1017/s1357321719000254","title":"The emergence of compound interest","display_name":"The emergence of compound interest","publication_year":2019,"publication_date":"2019-01-01","ids":{"openalex":"https://openalex.org/W2997516137","doi":"https://doi.org/10.1017/s1357321719000254","mag":"2997516137"},"language":"en","primary_location":{"id":"doi:10.1017/s1357321719000254","doi":"https://doi.org/10.1017/s1357321719000254","is_oa":true,"landing_page_url":"https://doi.org/10.1017/s1357321719000254","pdf_url":"https://www.cambridge.org/core/services/aop-cambridge-core/content/view/799CB1D40CDD46F3010767BFC60F24DB/S1357321719000254a.pdf/div-class-title-the-emergence-of-compound-interest-div.pdf","source":{"id":"https://openalex.org/S2764900385","display_name":"British Actuarial Journal","issn_l":"1357-3217","issn":["1357-3217","2044-0456"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","erih-plus","jufo-1","norway-1","poland-20","russia-white-list-2"],"host_organization":"https://openalex.org/P4310311721","host_organization_name":"Cambridge University Press","host_organization_lineage":["https://openalex.org/P4310311721","https://openalex.org/P4310311702"],"host_organization_lineage_names":["Cambridge University Press","University of Cambridge"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"British Actuarial Journal","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://www.cambridge.org/core/services/aop-cambridge-core/content/view/799CB1D40CDD46F3010767BFC60F24DB/S1357321719000254a.pdf/div-class-title-the-emergence-of-compound-interest-div.pdf","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5009997562","display_name":"Chris Lewin","orcid":"https://orcid.org/0000-0002-0161-7841","observed_orcids":["https://orcid.org/0000-0002-0161-7841"]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"C. G. Lewin","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5009997562"],"corresponding_institution_ids":[],"apc_list":{"value":0,"currency":"USD","value_usd":0},"apc_paid":{"value":0,"currency":"USD","value_usd":0},"fwci":4.7735,"has_fulltext":true,"cited_by_count":15,"citation_normalized_percentile":{"value":0.94556708,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":87,"max":98},"biblio":{"volume":"24","issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12170","display_name":"History and Theory of Mathematics","score":0.9965999722480774,"subfield":{"id":"https://openalex.org/subfields/1207","display_name":"History and Philosophy of Science"},"field":{"id":"https://openalex.org/fields/12","display_name":"Arts and Humanities"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12170","display_name":"History and Theory of Mathematics","score":0.9965999722480774,"subfield":{"id":"https://openalex.org/subfields/1207","display_name":"History and Philosophy of Science"},"field":{"id":"https://openalex.org/fields/12","display_name":"Arts and Humanities"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13897","display_name":"Historical Economic and Legal Thought","score":0.002099999925121665,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14475","display_name":"History of Science and Medicine","score":0.0003000000142492354,"subfield":{"id":"https://openalex.org/subfields/1207","display_name":"History and Philosophy of Science"},"field":{"id":"https://openalex.org/fields/12","display_name":"Arts and Humanities"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/compound-interest","display_name":"compound interest","score":0.9980000257492065},{"id":"https://openalex.org/keywords/fibonacci","display_name":"Fibonacci","score":0.7799999713897705},{"id":"https://openalex.org/keywords/annuities","display_name":"annuities","score":0.7929999828338623},{"id":"https://openalex.org/keywords/life-annuities","display_name":"life annuities","score":0.8640000224113464},{"id":"https://openalex.org/keywords/interest-rate-regulation","display_name":"interest rate regulation","score":0.4580000042915344},{"id":"https://openalex.org/keywords/survival-rate","display_name":"survival rate","score":0.5220000147819519},{"id":"https://openalex.org/keywords/medieval-mathematics","display_name":"medieval mathematics","score":0.3659999966621399}],"concepts":[{"id":"https://openalex.org/C173734053","wikidata":"https://www.wikidata.org/wiki/Q47577","display_name":"Fibonacci number","level":2,"score":0.6415015459060669},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.462785542011261},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.4480842649936676},{"id":"https://openalex.org/C2778091609","wikidata":"https://www.wikidata.org/wiki/Q14713","display_name":"Mount","level":2,"score":0.4403707981109619},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.34649747610092163},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.34537971019744873},{"id":"https://openalex.org/C144237770","wikidata":"https://www.wikidata.org/wiki/Q747534","display_name":"Mathematical economics","level":1,"score":0.3369767963886261},{"id":"https://openalex.org/C42475967","wikidata":"https://www.wikidata.org/wiki/Q194292","display_name":"Operations research","level":1,"score":0.3326054513454437},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.3048020005226135},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.24751588702201843},{"id":"https://openalex.org/C118615104","wikidata":"https://www.wikidata.org/wiki/Q121416","display_name":"Discrete mathematics","level":1,"score":0.1139909029006958},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.10486039519309998},{"id":"https://openalex.org/C111919701","wikidata":"https://www.wikidata.org/wiki/Q9135","display_name":"Operating system","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1017/s1357321719000254","doi":"https://doi.org/10.1017/s1357321719000254","is_oa":true,"landing_page_url":"https://doi.org/10.1017/s1357321719000254","pdf_url":"https://www.cambridge.org/core/services/aop-cambridge-core/content/view/799CB1D40CDD46F3010767BFC60F24DB/S1357321719000254a.pdf/div-class-title-the-emergence-of-compound-interest-div.pdf","source":{"id":"https://openalex.org/S2764900385","display_name":"British Actuarial Journal","issn_l":"1357-3217","issn":["1357-3217","2044-0456"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","erih-plus","jufo-1","norway-1","poland-20","russia-white-list-2"],"host_organization":"https://openalex.org/P4310311721","host_organization_name":"Cambridge University Press","host_organization_lineage":["https://openalex.org/P4310311721","https://openalex.org/P4310311702"],"host_organization_lineage_names":["Cambridge University Press","University of Cambridge"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"British Actuarial Journal","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:cup:bracjl:v:24:y:2019:i::p:-_34","doi":null,"is_oa":false,"landing_page_url":"https://www.cambridge.org/core/product/identifier/S1357321719000254/type/journal_article","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":{"id":"doi:10.1017/s1357321719000254","doi":"https://doi.org/10.1017/s1357321719000254","is_oa":true,"landing_page_url":"https://doi.org/10.1017/s1357321719000254","pdf_url":"https://www.cambridge.org/core/services/aop-cambridge-core/content/view/799CB1D40CDD46F3010767BFC60F24DB/S1357321719000254a.pdf/div-class-title-the-emergence-of-compound-interest-div.pdf","source":{"id":"https://openalex.org/S2764900385","display_name":"British Actuarial Journal","issn_l":"1357-3217","issn":["1357-3217","2044-0456"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","erih-plus","jufo-1","norway-1","poland-20","russia-white-list-2"],"host_organization":"https://openalex.org/P4310311721","host_organization_name":"Cambridge University Press","host_organization_lineage":["https://openalex.org/P4310311721","https://openalex.org/P4310311702"],"host_organization_lineage_names":["Cambridge University Press","University of Cambridge"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"British Actuarial Journal","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2997516137.pdf","grobid_xml":"https://content.openalex.org/works/W2997516137.grobid-xml"},"referenced_works_count":28,"referenced_works":["https://openalex.org/W570074375","https://openalex.org/W574853627","https://openalex.org/W583910655","https://openalex.org/W650689358","https://openalex.org/W658823491","https://openalex.org/W1533453687","https://openalex.org/W1787299795","https://openalex.org/W1968531702","https://openalex.org/W1969605918","https://openalex.org/W1974016415","https://openalex.org/W2015052656","https://openalex.org/W2028871696","https://openalex.org/W2037666280","https://openalex.org/W2039179815","https://openalex.org/W2041885816","https://openalex.org/W2075753122","https://openalex.org/W2146427760","https://openalex.org/W2296384723","https://openalex.org/W2318028704","https://openalex.org/W2322879763","https://openalex.org/W2326759115","https://openalex.org/W2493345427","https://openalex.org/W2507026866","https://openalex.org/W2582993131","https://openalex.org/W3135320596","https://openalex.org/W4229566753","https://openalex.org/W4242105030","https://openalex.org/W4242245523"],"related_works":["https://openalex.org/W3141482186","https://openalex.org/W4241292589","https://openalex.org/W2015052656","https://openalex.org/W393528434","https://openalex.org/W4246578279","https://openalex.org/W2949483013","https://openalex.org/W658699652","https://openalex.org/W2476882086","https://openalex.org/W1568072035","https://openalex.org/W7027558366"],"abstract_inverted_index":{"Abstract":[0],"Compound":[1,69],"interest":[2,70,107,120,152],"was":[3,15,167],"known":[4],"to":[5,23,28,58,81,100,139,160],"ancient":[6],"civilisations,":[7],"but":[8,61,76],"as":[9,11],"far":[10],"we":[12],"know":[13],"it":[14,25],"not":[16],"until":[17],"medieval":[18],"times":[19],"that":[20,84,111],"mathematicians":[21],"started":[22],"analyse":[24],"in":[26,47],"order":[27],"show":[29],"how":[30,37,134],"invested":[31],"sums":[32],"could":[33,54,72,136],"mount":[34],"up":[35],"and":[36,102,116,132,164],"much":[38],"should":[39],"be":[40,137],"paid":[41],"for":[42,122],"annuities.":[43],"Starting":[44],"with":[45,156],"Fibonacci":[46],"1202":[48],"A.D.,":[49],"techniques":[50,99],"were":[51,108,154],"developed":[52],"which":[53],"produce":[55],"accurate":[56],"solutions":[57],"practical":[59,142],"problems":[60,143],"involved":[62],"a":[63],"great":[64],"deal":[65],"of":[66,91,96,149],"laborious":[67],"arithmetic.":[68],"tables":[71,121,131],"simplify":[73],"the":[74,89,97,123,147,150],"work":[75],"few":[77],"have":[78],"come":[79],"down":[80],"us":[82],"from":[83],"period.":[85],"Soon":[86],"after":[87],"1500,":[88],"availability":[90],"printed":[92],"books":[93],"enabled":[94],"knowledge":[95],"mathematical":[98],"spread,":[101],"legal":[103],"restrictions":[104],"on":[105],"charging":[106],"relaxed.":[109],"Later":[110],"century,":[112],"two":[113],"mathematicians,":[114],"Trenchant":[115],"Stevin,":[117],"published":[118,129],"compound":[119],"first":[124],"time.":[125],"In":[126],"1613,":[127],"Witt":[128],"more":[130],"demonstrated":[133],"they":[135],"used":[138],"solve":[140],"many":[141],"quite":[144],"easily.":[145],"Towards":[146],"end":[148],"17thcentury,":[151],"calculations":[153],"combined":[155],"age-dependent":[157],"survival":[158],"rates":[159],"evaluate":[161],"life":[162],"annuities,":[163],"actuarial":[165],"science":[166],"created.":[168]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":6},{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":4},{"year":2021,"cited_by_count":1}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2020-01-10T00:00:00"}