Loan Transactions with Random Dates for the First and Last Periodic Instalments

Usually, loan transactions contracted in practice are nonrandom; that is to say, all amounts received (principal) and paid (period instalments) by the borrower are previously agreed with the lender, as well as their respective dates. In this paper, two new alternative loan models are introduced, dep...

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Bibliographic Details
Main Authors: María del Carmen Valls Martínez, Salvador Cruz Rambaud
Format: Article
Language:English
Published: Wiley 2016-01-01
Series:International Journal of Mathematics and Mathematical Sciences
Online Access:http://dx.doi.org/10.1155/2016/2152189
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