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Development of New Loan Payment Models with Piecewise Geometric Gradient Series

Dokuz Eylul University Faculty of Economics and Administrative Sciences Journal

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Title Development of New Loan Payment Models with Piecewise Geometric Gradient Series
Development of New Loan Payment Models with Piecewise Geometric Gradient Series
 
Creator Aydemir, Erdal
Eroglu, Ramazan
 
Description Engineering economics plays an important role in decision making. Also, the cash flows, time value of money and interest rates are the most important research fields in mathematical finance. Generalized formulae obtained from a variety of models with the time value of money and cash flows are inadequate to solve some problems. In this study, a new generalized formulae is considered for the first time and derived from a loan payment model which is a certain number of payment amount determined by customer at the beginning of payment period and the other repayments with piecewise linear gradient series. As a result, some numerical examples with solutions are given for the developed models. 
Engineering economics plays an important role in decision making. Also, the cash flows, time value of money and interest rates are the most important research fields in mathematical finance. Generalized formulae obtained from a variety of models with the time value of money and cash flows are inadequate to solve some problems. In this study, a new generalized formulae is considered for the first time and derived from a loan payment model which is a certain number of payment amount determined by customer at the beginning of payment period and the other repayments with piecewise linear gradient series. As a result, some numerical examples with solutions are given for the developed models.
 
Publisher Dokuz Eylul University Faculty of Economics and Administrative Sciences Journal
Dokuz Eylül Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
 
Contributor —
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Date 2014-12-16
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
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Format application/pdf
 
Identifier https://iibfdergi.deu.edu.tr/index.php/cilt1-sayi1/article/view/383
 
Source Dokuz Eylul University Faculty of Economics and Administrative Sciences Journal; Cilt 29, Sayı 2 (2014): CİLT :29 SAYI:2
Dokuz Eylül Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi; Cilt 29, Sayı 2 (2014): CİLT :29 SAYI:2
2147-7973
1302-504X
 
Language eng
 
Relation https://iibfdergi.deu.edu.tr/index.php/cilt1-sayi1/article/view/383/pdf_322
https://iibfdergi.deu.edu.tr/index.php/cilt1-sayi1/article/downloadSuppFile/383/Responses%20to%20Reviewers