Tag: Optimization Models

An annuity is a financial product that provides certain cash flows at equal time intervals. Annuities are created by financial…

Interest rates are very powerful and intriguing mathematical concepts. Our banking and finance sector revolves around these interest rates. One…

The Effective Annual Rate (EAR) is the interest rate that is adjusted for compounding over a given period. Simply put,…

Whether effective and nominal rates can ever be the same depends on whether interest calculations involve simple or compound interest.…

The rate charged by the Reserve Bank from the commercial banks and the depository institutions for the overnight loans given…