Some applications of linear difference equations in finance with wolfram|alpha and maple
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F14%3A43909172" target="_blank" >RIV/62156489:43110/14:43909172 - isvavai.cz</a>
Result on the web
<a href="http://www.eiris.it/ratio_numeri/ratio_27_2014/RM_27_total.pdf" target="_blank" >http://www.eiris.it/ratio_numeri/ratio_27_2014/RM_27_total.pdf</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Some applications of linear difference equations in finance with wolfram|alpha and maple
Original language description
The principle objective of this paper is to show how linear difference equations can be applied to solve some issues of financial mathematics. We focus on the area of compound interest and annuities. In both cases we determine appropriate recursive rules, which constitute the fist order linear difference equations with constant coefficients, and derive formulas required for calculating examples. Finally, we present possibilities of application of two selected computer algebra systems WolframjAlpha and Maple in this mathematical area.
Czech name
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Czech description
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Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AM - Pedagogy and education
OECD FORD branch
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Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Ratio Mathematica - Journal of Foundations and Applications of Mathematics
ISSN
1592-7415
e-ISSN
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Volume of the periodical
Neuveden
Issue of the periodical within the volume
27
Country of publishing house
IT - ITALY
Number of pages
10
Pages from-to
81-90
UT code for WoS article
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EID of the result in the Scopus database
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