Eroglu, Abdullah; Erdas, Mehmet Levent - In: Financial Studies 22 (2018) 1 (79), pp. 6-19
The notion of loan repayments rest on the principle that present value of sum of the instalments are equal to present value of the loan total. In a standard loan repayment plan, periodic instalments are set to a fixed amount. Besides, loan repayment plans with geometrically or arithmetically...