Oops! A Law Containing Formulas and Numerical Methods? The Calculation of the Effective Interest Rate According to the German Price Indication Ordinance

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

Chapter 25 in Money and Mathematics, 2021, pp 91-94 from Springer

Abstract: Abstract In the legal text of the German Price Indication Ordinance, the mathematically interested person will find detailed formulas and calculation rules for determining the effective interest rate of loans. Central terms here are the equivalence principle and the comparison of present values.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-658-34677-5_25

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DOI: 10.1007/978-3-658-34677-5_25

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