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Using App Inventor to provide the amortization schedule and the sinking fund schedule

Author

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  • Li-Fei Huang

    (Department of Applied Statistics and Information Science, Ming Chuan University, 5 Teh-Ming Road, Gwei Shan, Taoyuan City 333, Taiwan, R. O. C.)

Abstract

The present value of interest in the amortization schedule or the sinking fund schedule is derived in the theorem. Even though that people prefer the level payments with smaller total amount of interest, the sum of the present value of interest and the present value of principal remains unchanged in all payment methods. The sum is just the loan amount. Rather than the traditional spreadsheet, the free MIT App Inventor is applied to create the amortization schedule and the sinking fund schedule in the mobile computing environment.

Suggested Citation

  • Li-Fei Huang, 2018. "Using App Inventor to provide the amortization schedule and the sinking fund schedule," International Journal of Financial Engineering (IJFE), World Scientific Publishing Co. Pte. Ltd., vol. 5(04), pages 1-9, December.
    • Handle: RePEc:wsi:ijfexx:v:05:y:2018:i:04:n:s2424786318500305
    DOI: 10.1142/S2424786318500305
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    References listed on IDEAS

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    1. Wojakowski, Rafal M. & Ebrahim, M. Shahid & Shackleton, Mark B., 2016. "Reducing the impact of real estate foreclosures with Amortizing Participation Mortgages," Journal of Banking & Finance, Elsevier, vol. 71(C), pages 62-74.
    2. Hassan Mazengera, 2017. "Revenue-based lending for SMEs," International Journal of Financial Engineering (IJFE), World Scientific Publishing Co. Pte. Ltd., vol. 4(02n03), pages 1-20, June.
    3. Giudici, Paolo, 2018. "Financial data science," Statistics & Probability Letters, Elsevier, vol. 136(C), pages 160-164.
    4. Valeria D’Amato & Emilia Di Lorenzo & Marilena Sibillo, 2018. "Dread Disease and Cause-Specific Mortality: Exploring New Forms of Insured Loans," Risks, MDPI, vol. 6(1), pages 1-21, February.
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