“What, I Have to Pay that Long?” Full Repayment of a Loan

Ralf Korn () and Bernd Luderer ()
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Ralf Korn: TU Kaiserslautern
Bernd Luderer: TU Chemnitz

Chapter 16 in Money and Mathematics, 2021, pp 59-61 from Springer

Abstract: Abstract A descriptive introduction to redemption calculation using the annuity amortization is given. In practical problems, one often encounters results, which are surprising for a layperson, e.g. concerning the time until full repayment or the total sum of all payments.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-658-34677-5_16

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DOI: 10.1007/978-3-658-34677-5_16

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