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ERIC Number: EJ179797
Record Type: CIJE
Publication Date: 1977
Pages: N/A
Abstractor: N/A
ISBN: N/A
ISSN: N/A
EISSN: N/A
Freebies for Investors--Precise Incremental Yield Value
Michelson, Irving
School Science and Mathematics, 77, 6, 519-23, Oct 77
Competition for savings dollars has led to free gift bonus offers as incentive for new deposits. A concise new formula presented here permits calculation of the total yield using an inexpensive minicomputer. Yield is expressed in terms of interest rate, effective discount value of gift bonus, and period of deposit. (Author/MA)
Descriptors: Banking, Financial Services, Interest, Investment, Mathematical Applications, Mathematics Education, Monetary Systems
Publication Type: N/A
Education Level: N/A
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Sponsor: N/A
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Grant or Contract Numbers: N/A