General formula for calculating accumulated amount based on average lowest balance concept

General formula for calculating accumulated amount based on average lowest balance concept

One of the ways to calculate dividend for an investment is by using average lowest balance (ALB) concept. The existing calculation of dividend based on ALB concept can only be done yearly. This paper discusses on the development of a general formula to calculate the accumulated amount for any period...

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Bibliographic Details
Published in:Pertanika Journal of Science and Technology
Main Author: Wahab Z.A.; Embong R.; Azmi A.; Isa N.B.M.
Format: Article
Language:English
Published: Universiti Putra Malaysia Press 2018
Online Access:https://www.scopus.com/inward/record.uri?eid=2-s2.0-85041047616&partnerID=40&md5=96726b430f233238ba95bdf364846733
id 2-s2.0-85041047616
spelling 2-s2.0-85041047616
Wahab Z.A.; Embong R.; Azmi A.; Isa N.B.M.
General formula for calculating accumulated amount based on average lowest balance concept
2018
Pertanika Journal of Science and Technology
26
1

https://www.scopus.com/inward/record.uri?eid=2-s2.0-85041047616&partnerID=40&md5=96726b430f233238ba95bdf364846733
One of the ways to calculate dividend for an investment is by using average lowest balance (ALB) concept. The existing calculation of dividend based on ALB concept can only be done yearly. This paper discusses on the development of a general formula to calculate the accumulated amount for any period of time, based on the ALB concept that considers different yearly dividend rates. The patterns for each variable and coefficient for the calculated yearly accumulated amount were analysed. The general forms of each variable and coefficient were then combined to form the general formula for calculating the accumulated amount. Validity of the general formula is confirmed by calculating the percentage errors and proven by using mathematical induction. © 2018 Universiti Putra Malaysia Press.
Universiti Putra Malaysia Press
01287680
English
Article
author Wahab Z.A.; Embong R.; Azmi A.; Isa N.B.M.
spellingShingle Wahab Z.A.; Embong R.; Azmi A.; Isa N.B.M.
General formula for calculating accumulated amount based on average lowest balance concept
author_facet Wahab Z.A.; Embong R.; Azmi A.; Isa N.B.M.
author_sort Wahab Z.A.; Embong R.; Azmi A.; Isa N.B.M.
title General formula for calculating accumulated amount based on average lowest balance concept
title_short General formula for calculating accumulated amount based on average lowest balance concept
title_full General formula for calculating accumulated amount based on average lowest balance concept
title_fullStr General formula for calculating accumulated amount based on average lowest balance concept
title_full_unstemmed General formula for calculating accumulated amount based on average lowest balance concept
title_sort General formula for calculating accumulated amount based on average lowest balance concept
publishDate 2018
container_title Pertanika Journal of Science and Technology
container_volume 26
container_issue 1
doi_str_mv
url https://www.scopus.com/inward/record.uri?eid=2-s2.0-85041047616&partnerID=40&md5=96726b430f233238ba95bdf364846733
description One of the ways to calculate dividend for an investment is by using average lowest balance (ALB) concept. The existing calculation of dividend based on ALB concept can only be done yearly. This paper discusses on the development of a general formula to calculate the accumulated amount for any period of time, based on the ALB concept that considers different yearly dividend rates. The patterns for each variable and coefficient for the calculated yearly accumulated amount were analysed. The general forms of each variable and coefficient were then combined to form the general formula for calculating the accumulated amount. Validity of the general formula is confirmed by calculating the percentage errors and proven by using mathematical induction. © 2018 Universiti Putra Malaysia Press.
publisher Universiti Putra Malaysia Press
issn 01287680
language English
format Article
accesstype
record_format scopus
collection Scopus
_version_ 1820775470610776064

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