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- W2186402425 abstract "This paper advances the use of algebraic formulae in place of amortization schedules in calculating annual interest expenses. The formulae are of great value in alleviating computational burdens in mortgage refinancing analysis. The methodology presented here can be readily imparted to business undergraduates and MBA students taking managerial finance courses. The new formula approach also resolves computational difficulties which appear to have been one of the major reasons why the use of sensitivity analysis and simulation has not become popular in refinancing analysis." @default.
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- W2186402425 date "2014-01-01" @default.
- W2186402425 modified "2023-09-27" @default.
- W2186402425 title "An Excel Model of Mortgage Refinancing Decisions for Sensitivity Analysis and Simulation" @default.
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