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All Journal International Journal of Global Operations Research
Barri, Safiq Rofiul
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Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Engineering Mathematics

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Financial Mathematical Analysis in Applying Interest Rates, Installments, Amortization, Present and Future Values to Home Ownership Loans Reynalda, Bagas; Barri, Safiq Rofiul
International Journal of Global Operations Research Vol. 5 No. 2 (2024): International Journal of Global Operations Research (IJGOR)m May 2024
Publisher : iora

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47194/ijgor.v5i2.304

Abstract

Home ownership credit has become a choice for many people to own a home, so that credit repayment runs smoothly, there needs to be an analysis from a financial perspective and a strategy for repayment. This paper aims to analyze and calculate the application of financial mathematical concepts in the context of home ownership credit. The main focus involves interest rates, installments, amortization, present and future value. Through a quantitative approach, we investigate the impact of changes in interest rates on monthly payments, explain the amortization mechanism, and evaluate the implications of payment policies on loan repayment times. The result is that by using the application of financial mathematics you can calculate monthly payments, analyze amortization, calculate present value and so on. So this paper can be useful for planning home ownership loans.
Co-Authors Reynalda, Bagas