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.
|Number of pages||9|
|Journal||Modelling, Measurement and Control D|
|Publication status||Published - 1993|