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Several Products of Financial Mathematics as Linear Difference Equations

The result's identifiers

  • Result code in IS VaVaI

    <a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F19%3A43915130" target="_blank" >RIV/62156489:43110/19:43915130 - isvavai.cz</a>

  • Result on the web

  • DOI - Digital Object Identifier

Alternative languages

  • Result language

    angličtina

  • Original language name

    Several Products of Financial Mathematics as Linear Difference Equations

  • Original language description

    This paper focuses on applications of linear difference equations in the field of finance. A basic linear difference equation of the first order appearing in financial mathematics is described and its general solution is derived. It is shown that this solution represents an universal formula for calculating some financial products. Finally, using this solution we express appropriate formulas of finance, namely compound interest, the future and the present value of annuity due and ordinary annuity and loan amortization.

  • Czech name

  • Czech description

Classification

  • Type

    D - Article in proceedings

  • CEP classification

  • OECD FORD branch

    50302 - Education, special (to gifted persons, those with learning disabilities)

Result continuities

  • Project

  • Continuities

    I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Others

  • Publication year

    2019

  • Confidentiality

    S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Data specific for result type

  • Article name in the collection

    APLIMAT 2019: Proceedings

  • ISBN

    978-1-5108-8214-0

  • ISSN

  • e-ISSN

  • Number of pages

    9

  • Pages from-to

    993-1001

  • Publisher name

    Slovenská technická univerzita v Bratislave

  • Place of publication

    Bratislava

  • Event location

    Bratislava

  • Event date

    Feb 5, 2019

  • Type of event by nationality

    WRD - Celosvětová akce

  • UT code for WoS article