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Interest rates calculation in certain ordinary annuities
(IOP Publishing, 2019)
Certain annuities are annuities whose payments occur on fixed dates; while a certain ordinary annuity is one in which payments are made at the end of each established period. The calculation of the interest rate, which governs the certain ordinary annuity, involves the use of a non-analytical equation that requires the application of numerical techniques to obtain the value of the aforementioned rate. The literature indicates that any of these techniques requires one or several numerical values for initialization, which generally are estimated ...