INCONSISTENCY AND CORRECTION OF THE GERMAN AMORTIZATION SYSTEM

Detalhes bibliográficos
Autor(a) principal: Cereser,Bruno Luís Hönigmann
Data de Publicação: 2019
Outros Autores: Oliveira,Aurelio Ribeiro Leite
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Pesquisa operacional (Online)
Texto Completo: http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-74382019000300393
Resumo: ABSTRACT The amortization systems, also called as amortization methods, are used to compute the installment value that a client must disburse (or spend) to pay off a loan or financing with the number of installments and the interest rate agreed for the loan or financing. This paper shows that the German Amortization System makes an inconsistent use of the interest paid in advance in its definition and generates an effective interest rate higher than the contracted, which makes this system abusive and unfair to the clients. In this article, two forms of correcting the German Amortization System are also proposed, making the effective interest rate equals to the contractual interest rate.
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spelling INCONSISTENCY AND CORRECTION OF THE GERMAN AMORTIZATION SYSTEMGerman Amortization SystemEqual Installment LoansLoan and Financing AmortizationABSTRACT The amortization systems, also called as amortization methods, are used to compute the installment value that a client must disburse (or spend) to pay off a loan or financing with the number of installments and the interest rate agreed for the loan or financing. This paper shows that the German Amortization System makes an inconsistent use of the interest paid in advance in its definition and generates an effective interest rate higher than the contracted, which makes this system abusive and unfair to the clients. In this article, two forms of correcting the German Amortization System are also proposed, making the effective interest rate equals to the contractual interest rate.Sociedade Brasileira de Pesquisa Operacional2019-12-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-74382019000300393Pesquisa Operacional v.39 n.3 2019reponame:Pesquisa operacional (Online)instname:Sociedade Brasileira de Pesquisa Operacional (SOBRAPO)instacron:SOBRAPO10.1590/0101-7438.2019.039.03.0393info:eu-repo/semantics/openAccessCereser,Bruno Luís HönigmannOliveira,Aurelio Ribeiro Leiteeng2019-11-29T00:00:00Zoai:scielo:S0101-74382019000300393Revistahttp://www.scielo.br/popehttps://old.scielo.br/oai/scielo-oai.php||sobrapo@sobrapo.org.br1678-51420101-7438opendoar:2019-11-29T00:00Pesquisa operacional (Online) - Sociedade Brasileira de Pesquisa Operacional (SOBRAPO)false
dc.title.none.fl_str_mv INCONSISTENCY AND CORRECTION OF THE GERMAN AMORTIZATION SYSTEM
title INCONSISTENCY AND CORRECTION OF THE GERMAN AMORTIZATION SYSTEM
spellingShingle INCONSISTENCY AND CORRECTION OF THE GERMAN AMORTIZATION SYSTEM
Cereser,Bruno Luís Hönigmann
German Amortization System
Equal Installment Loans
Loan and Financing Amortization
title_short INCONSISTENCY AND CORRECTION OF THE GERMAN AMORTIZATION SYSTEM
title_full INCONSISTENCY AND CORRECTION OF THE GERMAN AMORTIZATION SYSTEM
title_fullStr INCONSISTENCY AND CORRECTION OF THE GERMAN AMORTIZATION SYSTEM
title_full_unstemmed INCONSISTENCY AND CORRECTION OF THE GERMAN AMORTIZATION SYSTEM
title_sort INCONSISTENCY AND CORRECTION OF THE GERMAN AMORTIZATION SYSTEM
author Cereser,Bruno Luís Hönigmann
author_facet Cereser,Bruno Luís Hönigmann
Oliveira,Aurelio Ribeiro Leite
author_role author
author2 Oliveira,Aurelio Ribeiro Leite
author2_role author
dc.contributor.author.fl_str_mv Cereser,Bruno Luís Hönigmann
Oliveira,Aurelio Ribeiro Leite
dc.subject.por.fl_str_mv German Amortization System
Equal Installment Loans
Loan and Financing Amortization
topic German Amortization System
Equal Installment Loans
Loan and Financing Amortization
description ABSTRACT The amortization systems, also called as amortization methods, are used to compute the installment value that a client must disburse (or spend) to pay off a loan or financing with the number of installments and the interest rate agreed for the loan or financing. This paper shows that the German Amortization System makes an inconsistent use of the interest paid in advance in its definition and generates an effective interest rate higher than the contracted, which makes this system abusive and unfair to the clients. In this article, two forms of correcting the German Amortization System are also proposed, making the effective interest rate equals to the contractual interest rate.
publishDate 2019
dc.date.none.fl_str_mv 2019-12-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-74382019000300393
url http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-74382019000300393
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 10.1590/0101-7438.2019.039.03.0393
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv text/html
dc.publisher.none.fl_str_mv Sociedade Brasileira de Pesquisa Operacional
publisher.none.fl_str_mv Sociedade Brasileira de Pesquisa Operacional
dc.source.none.fl_str_mv Pesquisa Operacional v.39 n.3 2019
reponame:Pesquisa operacional (Online)
instname:Sociedade Brasileira de Pesquisa Operacional (SOBRAPO)
instacron:SOBRAPO
instname_str Sociedade Brasileira de Pesquisa Operacional (SOBRAPO)
instacron_str SOBRAPO
institution SOBRAPO
reponame_str Pesquisa operacional (Online)
collection Pesquisa operacional (Online)
repository.name.fl_str_mv Pesquisa operacional (Online) - Sociedade Brasileira de Pesquisa Operacional (SOBRAPO)
repository.mail.fl_str_mv ||sobrapo@sobrapo.org.br
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