Record Details

AN INVESTMENT FUND AS AN ELEMENT OF FINANCIAL EDUCATION IN PERSONAL FINANCE

European Journal of Economic and Financial Research

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Field Value
 
Title AN INVESTMENT FUND AS AN ELEMENT OF FINANCIAL EDUCATION IN PERSONAL FINANCE
 
Creator Ortiz-Betancourt, Ignacio
García-Santillán, Arturo
Solano-García, Cristina
Martínez-Utrera, Victor
 
Subject annuity, gradient, interest rate, investment fund
 
Description This paper develops two scenarios, as part of a proposal that seeks to support decision making, given the notorious absence of financial literacy that have been referenced by institutions like the World Bank (2014; 2015) and the Mexican Ministry of Finance and Public Credit (SHCP, 2013), among others. This proposal is a scheme of advance annuities and a scheme of annuities with arithmetic gradient; all of them with the same interest rate and an equal number of payments. The results allowed observing different increments generated by each of the scenarios, in terms of interest generated. The best choice or at least the most attractive is an investment fund based on a scheme of annuities with arithmetic gradient which generates more profits.  Article visualizations:
 
Publisher European Journal of Economic and Financial Research
 
Contributor —
 
Date 2017-02-03
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
 
Identifier https://oapub.org/soc/index.php/EJEFR/article/view/61
 
Source European Journal of Economic and Financial Research; Volume 2, Issue 1, 2017
2501 - 3430
2501 - 9430
 
Language eng
 
Relation https://oapub.org/soc/index.php/EJEFR/article/view/61/169
https://oapub.org/soc/index.php/EJEFR/article/view/61/170
https://oapub.org/soc/index.php/EJEFR/article/view/61/171
 
Rights Copyright (c) 2018 Ignacio Ortiz-Betancourt, Arturo García-Santillán, Cristina Solano-García, Victor Martínez-Utrera
http://creativecommons.org/licenses/by/4.0