Modelling the applications of the interest factor in financial decisions

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Abstract

Many of the basic interest formulas are special cases of a general situation dealing with a series of uneven deposits and withdrawals over a time span. In this paper, the derivation of a general model for a series of uneven percentage deposits and a series of uneven receipts of exact amounts is presented. Reduction of the general model to obtain some frequently used basic interest formulas is demonstrated.

Original languageEnglish
Pages (from-to)49-57
Number of pages9
JournalModelling, Measurement and Control D
Volume8
Issue number4
Publication statusPublished - 1993
Externally publishedYes

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