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 language | English |
---|---|
Pages (from-to) | 49-57 |
Number of pages | 9 |
Journal | Modelling, Measurement and Control D |
Volume | 8 |
Issue number | 4 |
Publication status | Published - 1993 |
Externally published | Yes |