The Efficiency of Approximation Formulae for Determining the Rate of Interest in Amortization Schedules

Author

Wade Ellis

Publication Date

5-20-1938

Abstract

The problem of this study is to determine the relative efficiency of the more important formulae for approximating the rate of interest involved in an amortization plan when the amount of the debt, the amount of the periodic payment, and the number of periods are known. By efficiency this meant the degree of accuracy obtainable, and the time required for solution.

Degree Name

Mathematics

Level of Degree

Masters

Department Name

Mathematics & Statistics

First Committee Member (Chair)

Harold Daniel Larsen

Second Committee Member

Carroll Vincent Newsom

Third Committee Member

Vernon G. Sorrell

Language

English

Document Type

Thesis

Recommended Citation

Ellis, Wade. "The Efficiency of Approximation Formulae for Determining the Rate of Interest in Amortization Schedules." (1938). https://digitalrepository.unm.edu/math_etds/95