COURSE OF LOAN-MODELS OF VARIABLE PRINCIPAL REPAID
Keywords:amortization of loan, discount value, effective loan, course of loan.
In this paper is presented the account of effective loan, i.e. course of loan, for case when loan is amortizated of variable principal repaid. Namely, in the literature are presented only two models of amortization of loan for account course of loan: model of equal annuity and model of equal principal repaid. Therefore, we are presented two new models for account of effective loan:
- model amortization of loan with principal repaid which are changed in arithmetic progression, and
- model amortization of loan with principal repaid which are changed in geometrical progression
D′ Ecclesia, R.L.; Gardini,L. Appunti di matematica finanziaria, Torino: G. Giappichelli editore, 2001.
Krčmar, M. Finansijska matematika i metode investicionog odlučivanja, Sarajevo: Kemigrafika, 2002.
Prakach, A.; Karles G L.; Fernandez,R. Financial, Commercial and Martgage Mathemathics and Their Applications, New York: Preager, 1987