Modeling for investment on scenarios TIIE 28 and TIIE 91 days

  • Elena Moreno Garcia Research Professor at UCC Business School at Universidad Cristobal Colon, Veracruz, Mexico. Carretera Veracruz-Medellin S/N Col. Puente Moreno C.P. 94271 Boca del Rio, Veracruz, Mexico
  • Arturo Garcia-Santillan Researcher Professor at UCC Business School Universidad Cristobal Colon. Veracruz, Mexico.
  • Mayra Guerra-Castro MBA student at UCC Business School Universidad Cristobal Colon. Veracruz, Mexico
  • Enrique Garcia-Zarate MBA student at UCC Business School Universidad Cristobal Colon. Veracruz, Mexico
  • Sergio Manriquez-Gallardo MBA student at UCC Business School Universidad Cristobal Colon. Veracruz, Mexico
Keywords: Investment, early annuity, savings, compounded interest, interest rate.

Abstract

This article presents through mathematical modeling two hypothetical scenarios of investment with monthly savings in the format of early annuity. In both cases, the term is referenced to one year, with deposits in different periods and changing effective rates. The development of modeling used information got from official sources about interest rates. The result seeks to determine the most profitable scenario based on the interest rate and its capitalization.

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References

Garci­a Santillan, A. :(2014) Matematicas Financieras para la toma de decision [FinancialMathformakingdecisions], Electronicedition. Full text at Universidad de Malaga,ISBN-13: 978-84-16036-61-5 Registered at Biblioteca Nacional de Espana N 2014/60144.

Moreno, E.; Garci­a-Santillan, A.; Munguia, J. (2013). Some aspects about financial knowledge of undergraduate students.International Journal of Management and Sustainability Vol.3 Issue 4 pp 40-62

Van Horne, J. (2014) Financial Management. Ed. Pearson

Villagomez Amezcua, A. (1993) Los determinantes del ahorro en Mexico[Determinants of saving in Mexico]. Nueva Epoca.

Published
2016-02-26
How to Cite
Moreno Garcia, E., Garcia-Santillan, A., Guerra-Castro, M., Garcia-Zarate, E., & Manriquez-Gallardo, S. (2016). Modeling for investment on scenarios TIIE 28 and TIIE 91 days. Journal of Progressive Research in Mathematics, 6(4), 849-863. Retrieved from http://scitecresearch.com/journals/index.php/jprm/article/view/618
Issue
Vol 6 No 4: JPRM
Section
Articles

Copyright (c) 2016 Journal of Progressive Research in Mathematics

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