Models of loan amortization under annual variable annuities

Authors

  • Миливој Крчмар Faculty of Economics, University of Banja Luka

Keywords:

models of amortization of loan, variable annuity wich are paid m times in year, nominal annual rate of interest compounded m times in year, annual effective rate of interest

Abstract

This paper presents models of annuity which either increase or decrease a fxed factor q and which are paid m times in year. The payments (annuity) increase (decrease) in such a way that

  1. a) each payment in the year is equal but each payment in the next year is q times than the payment in previous years and
  2. b) each payment in the k years is equal but each payment in the next k years is q times than the payment in previous k years.

Downloads

Download data is not yet available.

References

Arcones, M. (2009), Financial Mathematics, New York, Spring,
??????, ?. (2007), ?????? ???????? ? ?????? ?????? ????????, ????????, ?????????,
?????, ?. 1978, ?????? ???????? ? ?????? ?????? ????????, ????????, ?????????,

Downloads

Published

2013-07-31

How to Cite

Крчмар, М. (2013). Models of loan amortization under annual variable annuities. Acta Economica, 11(19), 67–74. Retrieved from http://ae.ef.unibl.org/index.php/AE/article/view/93

Issue

Section

Review article