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...
| Published in: | Pertanika Journal of Science and Technology |
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| Main Author: | |
| Format: | Article |
| Language: | English |
| Published: |
Universiti Putra Malaysia Press
2018
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| Online Access: | https://www.scopus.com/inward/record.uri?eid=2-s2.0-85041047616&partnerID=40&md5=96726b430f233238ba95bdf364846733 |