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Backward Analysis Explained with Monthly Payments.
- Source :
- American Mathematical Monthly; Feb2015, Vol. 122 Issue 2, p91-120, 30p
- Publication Year :
- 2015
-
Abstract
- The article presents an analysis for computing monthly deposits, loans principals and monthly payments with non-negative interest rate. It highlights various mathematical formulas, mathematical equations and algorithms regarding the same. It also mentions several trigonometric functions, theorems and coefficients to calculate monthly payments.
Details
- Language :
- English
- ISSN :
- 00029890
- Volume :
- 122
- Issue :
- 2
- Database :
- Complementary Index
- Journal :
- American Mathematical Monthly
- Publication Type :
- Academic Journal
- Accession number :
- 101563560
- Full Text :
- https://doi.org/10.4169/amer.math.monthly.122.02.91