DEVELOPMENT AND EXTENSION OF KARPIN'S FORMULA
作者:
J. F. Mahoney,
期刊:
The Engineering Economist
(Taylor Available online 1984)
卷期:
Volume 29,
issue 2
页码: 140-149
ISSN:0013-791X
年代: 1984
DOI:10.1080/00137918308967703
出版商: Taylor & Francis Group
数据来源: Taylor
摘要:
The problem of finding the interest rate per period when an initial amount is equivalent to a series of uniform payments typically involves an iterative procedure. Karpin1s formula represents an accurate alternative to iteration. A derivation of Karpin's formula is given as well as an extension to the case where an initial amount is equivalent to a series of uniform payments plus a one-time payment coincident with the last payment.
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