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Amortization: An Application of Calculus

The authors use the Monotonicity Theorem to prove that there is a unique monthly payment that exactly matches the amortization parameters.
Old Node ID: 
1052
MSC Codes: 
Author(s): 
Robert G. Donnelly (Murray State University) and Richard Klima (North Carolina State University)
Publication Date: 
Tuesday, March 7, 2006
Original Publication Source: 
College Mathematics Journal
Original Publication Date: 
November, 1999
Subject(s): 
Applied Mathematics
Topic(s): 
Differentiation: General Applications
Theoretical Issues
Flag for Digital Object Identifier: 
Publish Page: 
Furnished by JSTOR: 
Rating Count: 
24.00
Rating Sum: 
69.00
Rating Average: 
2.88
Author (old format): 
Richard Klima and Rogert G. Donnelly
Applicable Course(s): 
3.1 Mainstream Calculus I
2.8 Business Math
Modify Date: 
Thursday, August 16, 2012
Average: 2.9 (24 votes)

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