INCONSISTENCY AND CORRECTION OF THE GERMAN AMORTIZATION SYSTEM
Autor(a) principal: | |
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Data de Publicação: | 2019 |
Outros Autores: | |
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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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 |
_version_ |
1750318018266660864 |