Modern Economy

Volume 1, Issue 3 (November 2010)

ISSN Print: 2152-7245   ISSN Online: 2152-7261

Google-based Impact Factor: 0.74  Citations  h5-index & Ranking

Mathematical Model of Housing Loans

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DOI: 10.4236/me.2010.13019    5,860 Downloads   10,911 Views  Citations
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ABSTRACT

Currently, that individual use housing mortgage loans to buy houses has become a hot topic, and residents are very concerned about the debt repayment ways of individual housing mortgage loans. In this paper, using the time value of money principle, we establish equal principal and interest repayment model. Furthermore we test its validation and illustrate its specific application with an example in the economic life.

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X. Li, "Mathematical Model of Housing Loans," Modern Economy, Vol. 1 No. 3, 2010, pp. 168-170. doi: 10.4236/me.2010.13019.

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