A Program Illustrating the Effects of Points on Mortgage Interest Rates.

Kost, Frank

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Peer reviewed

ERIC Number: EJ430503

Record Type: Journal

Publication Date: 1991

Pages: N/A

Abstractor: N/A

ISBN: N/A

ISSN: ISSN-0731-9258

EISSN: N/A

A Program Illustrating the Effects of Points on Mortgage Interest Rates.

Kost, Frank

Journal of Computers in Mathematics and Science Teaching, v10 n2 p103-06 Win 1990-91

Presented is an interactive PASCAL computer program that computes the true mortgage interest rate. The half-interval technique, a method from numerical analysis, is incorporated into the program algorithm to approximate a solution of a continuous function on a closed interval. (JJK)

Descriptors: College Mathematics, Computer Assisted Instruction, Higher Education, Interest (Finance), Loan Repayment, Mathematics Education, Programing

Publication Type: Journal Articles; Guides - Classroom - Teacher; Computer Programs

Education Level: N/A

Audience: Teachers; Practitioners

Language: English

Sponsor: N/A

Authoring Institution: N/A

Grant or Contract Numbers: N/A