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

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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

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