Compound interest is the curse of debt and the blessing of saving. Find out how it works and what it has to do with one of the most important numbers in mathematics.
Actuarial science began as the place where two branches of mathematics meet: compound interest and observed mortality statistics. Financial planning for the future is therefore rooted firmly in the past. John Webb takes us through some of the mathematics involved, introducing us to some of the colourful characters who led the way.