IDEAS home Printed from https://ideas.repec.org/a/vra/journl/v11y2022i1p149-156.html
   My bibliography  Save this article

Long-term Recurring Deposits with Variable Installments

Author

Listed:
  • Rosen Nikolaev

    (University of Economics - Varna, Varna, Bulgaria)

Abstract

Term periodic deposits are the main means of forming people's savings. Different needs and savings opportunities can be met through different modifications of the standard schemes for depositing funds in periodic deposits. The paper offers three options for long-term recurring deposits with changing contributions. Methods for deriving generalized formulas in each of them are proposed and peculiarities in solving problems of this type are considered. The theoretical results are aprobed with examples and self-study tasks are proposed. The research in the article has not only practical meaning, but can also be useful in the process of educating pupils and university students, as it enables them to realize the overall logic of deposit formation and make their own modifications.

Suggested Citation

  • Rosen Nikolaev, 2022. "Long-term Recurring Deposits with Variable Installments," Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, Union of Scientists - Varna, Economic Sciences Section, vol. 11(1), pages 149-156, April.
    • Handle: RePEc:vra:journl:v:11:y:2022:i:1:p:149-156
    as

    Download full text from publisher

    File URL: http://su-varna.org/journal/IJUSV-ESS/2022.11.1/149-156.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Deposit; Geometric Progression; Variable Installments.;
    All these keywords.

    JEL classification:

    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vra:journl:v:11:y:2022:i:1:p:149-156. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Pavel Petrov (email available below). General contact details of provider: https://edirc.repec.org/data/uevecea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.