| 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)
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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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