International Journal of Global Operations Research
Vol. 3 No. 4 (2022): International Journal of Global Operations Research (IJGOR), November 2022

Application Of Economic Mathematics In Periodical Installation System

Ismail, Muhammad Iqbal Al-Banna (Unknown)
Hernawati, Depie (Unknown)
Supena, Yusup (Unknown)

Article Info

Publish Date
03 Nov 2022

Abstract

This paper provides financial planning aspect by modeling the impact of mortgage rate changes on the size of payments for ARMS. This study uses a simulation approach to model the choice between a fixed rate mortgage (FRM} and an adjustable rate mortgage (ARM). Our simulations help assess therisks and benefits of choosing an ARM rather than a FRM. We represent the risk of the ARM with distributions of present value cost for a variety of mortgage lifeperiods.

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Journal Info
International Journal of Global Operations Research
Website

Abbrev

ijgor

Publisher

Indonesian Operations Research Association

Subject

Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Engineering Mathematics

Description

International Journal of Global Operations Research (IJGOR) is published 4 times a year and is the flagship journal of the Indonesian Operational Research Association (IORA). It is the aim of IJGOR to present papers which cover the theory, practice, history or methodology of OR. However, since OR is ...