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Please use this identifier to cite or link to this item: https://ptsldigital.ukm.my/jspui/handle/123456789/578679
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dc.contributor.authorWahab Z. A (UITM)
dc.contributor.authorEmbong R (UITM)
dc.contributor.authorAzmi A
dc.contributor.authorIsa N. B. M (UITM)
dc.date.accessioned2023-11-06T03:05:40Z-
dc.date.available2023-11-06T03:05:40Z-
dc.date.issued2018-01
dc.identifier.issn0128-7680
dc.identifier.otherukmvital:116122
dc.identifier.urihttps://ptsldigital.ukm.my/jspui/handle/123456789/578679-
dc.descriptionOne of the ways to calculate dividend for an investment is by using average lowest balance (ALB) concept. The existing calculation of dividend based on ALB concept can only be done yearly. This paper discusses on the development of a general formula to calculate the accumulated amount for any period of time, based on the ALB concept that considers different yearly dividend rates. The patterns for each variable and coefficient for the calculated yearly accumulated amount were analysed. The general forms of each variable and coefficient were then combined to form the general formula for calculating the accumulated amount. Validity of the general formula is confirmed by calculating the percentage errors and proven by using mathematical induction.
dc.language.isoen
dc.publisherUniversiti Putra Malaysia Press
dc.relation.haspartPertanika Journals
dc.relation.urihttp://www.pertanika.upm.edu.my/regular_issues.php?jtype=2&journal=JST-26-1-1
dc.rightsUKM
dc.subjectInvestment
dc.subjectAverage lowest balance
dc.subjectPattern analysing
dc.subjectGeneral formula
dc.subjectAccumulated amount
dc.titleGeneral formula for calculating accumulated amount based on average lowest balance concept
dc.typeJournal Article
dc.format.volume26
dc.format.pages317-328
dc.format.issue1
Appears in Collections:Journal Content Pages/ Kandungan Halaman Jurnal

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