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Loan Transactions with Random Dates for the First and Last Periodic Instalments
Joint Authors
Valls Martínez, María del Carmen
Cruz Rambaud, Salvador
Source
International Journal of Mathematics and Mathematical Sciences
Issue
Vol. 2016, Issue 2016 (31 Dec. 2016), pp.1-14, 14 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2016-08-25
Country of Publication
Egypt
No. of Pages
14
Main Subjects
Abstract EN
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, depending on whether the borrower survives or not to fulfil all repayment obligations.
In this way, either the initial or the final date of repayments can be subject to this contingency.
Additionally, the different parameters of such random transactions are determined, as well as several measures of profitability/cost for the lender/borrower, respectively.
These transactions can be attractive for both the lender and the borrower, which therefore make them worthy of consideration and subsequent implementation for the benefit of both parties.
American Psychological Association (APA)
Valls Martínez, María del Carmen& Cruz Rambaud, Salvador. 2016. Loan Transactions with Random Dates for the First and Last Periodic Instalments. International Journal of Mathematics and Mathematical Sciences،Vol. 2016, no. 2016, pp.1-14.
https://search.emarefa.net/detail/BIM-1106302
Modern Language Association (MLA)
Valls Martínez, María del Carmen& Cruz Rambaud, Salvador. Loan Transactions with Random Dates for the First and Last Periodic Instalments. International Journal of Mathematics and Mathematical Sciences No. 2016 (2016), pp.1-14.
https://search.emarefa.net/detail/BIM-1106302
American Medical Association (AMA)
Valls Martínez, María del Carmen& Cruz Rambaud, Salvador. Loan Transactions with Random Dates for the First and Last Periodic Instalments. International Journal of Mathematics and Mathematical Sciences. 2016. Vol. 2016, no. 2016, pp.1-14.
https://search.emarefa.net/detail/BIM-1106302
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1106302