Models of loan amortization under annual variable annuities
DOI:
https://doi.org/10.7251/ACE1319067KKeywords:
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 interestAbstract
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
- 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
- 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.
References
Arcones, M. (2009), Financial Mathematics, New York, Spring,
Крчмар, М. (2007), Модели ануитета и ефекти њихове примјена, Сарајево, Свјетлост,
Тркља, Б. 1978, Модели ануитета и ефекти њихове примјене, Сарајево, Свјетлост,
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Published
2013-07-19
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Review Scientific Paper
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Copyright (c) 2013 University of Banja Luka, Faculty of Economics
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
How to Cite
Models of loan amortization under annual variable annuities. (2013). Acta Economica, 11(19), 67-74. https://doi.org/10.7251/ACE1319067K
