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Generalized formula for the periodic linear gradient series payment in a skip payment loan with arbitrary skips. (Technical Note).(Statistical Data Included): An article from: Engineering Economist

Authors: Abdullah Eroglu, Murat Karaoz
Publisher: Institute of Industrial Engineers, Inc. (IIE)

Buy New: $5.95
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Format: HTML
Language: English (Published)
Media: Digital
Pages: 8

ASIN: B0008F32NY

Publication Date: March 22, 2002
Availability: Available for download now

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Product Description
This digital document is an article from Engineering Economist, published by Institute of Industrial Engineers, Inc. (IIE) on March 22, 2002. The length of the article is 2364 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the author: Formato derived a useful formula of the amount of periodic level ("equal") payment in a skip payment loan with arbitrary skips using a second-order finite difference equation. Moon rederived Formato's formula using time value of money and also extended Formato's result to the case that periodic payments occur in a geometric-gradient series. We rederived equivalent of these formulas using time value of money. It is suggested that the obtained formulas and their derivations are simpler than previous results. We also extend Formato's result to the case that periodic payments occur in a linear-gradient series.

Citation Details
Title: Generalized formula for the periodic linear gradient series payment in a skip payment loan with arbitrary skips. (Technical Note).(Statistical Data Included)
Author: Abdullah Eroglu
Publication: Engineering Economist (Refereed)
Date: March 22, 2002
Publisher: Institute of Industrial Engineers, Inc. (IIE)
Volume: 47 Issue: 1 Page: 75(9)

Article Type: Statistical Data Included

Distributed by Thomson Gale



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