Tibiletti, Luisa and Uberti, Mariacristina (2021) A Measure for the Extra-costs to Evaluate the Global Cost of Credit. In: Insights into Economics and Management Vol. 6. B P International, pp. 68-72. ISBN 978-93-90768-54-7
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Official URL: https://doi.org/10.9734/bpi/ieam/v6/5362D
Abstract
The aim of this note is to measure the impact of the extra-costs payment on the Effective Annual interest Rate (EAR) of a consumer instalment credit. We show that EAR can be approximated by augmenting the credit rate with an extra-costs rate addendum. This latter addendum is a function of the Macaulay duration of the extra-costs payments.
| Item Type: | Book Section |
|---|---|
| Subjects: | Oalibrary Press > Social Sciences and Humanities |
| Depositing User: | Managing Editor |
| Date Deposited: | 05 Dec 2023 04:05 |
| Last Modified: | 05 Dec 2023 04:05 |
| URI: | http://asian.go4publish.com/id/eprint/3069 |
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