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Amortization: An Application of Calculus

by Robert G. Donnelly (Murray State University) and Richard Klima (North Carolina State University)

This article originally appeared in:
College Mathematics Journal
November, 1999

Subject classification(s): Applied Mathematics
Applicable Course(s): 3.1 Mainstream Calculus I | 2.8 Business Math

The authors use the Monotonicity Theorem to prove that there is a unique monthly payment that exactly matches the amortization parameters.

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Capsule Course Topic(s):
One-Variable Calculus | Differentiation: General Applications
One-Variable Calculus | Theoretical Issues
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