Essence and features of term deposits for fixed periods Cover Image
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Същност и особености при срочните периодични влогове
Essence and features of term deposits for fixed periods

Author(s): Rosen Nikolaev, Tanka Milkova
Subject(s): Social Sciences, Education, Higher Education , Pedagogy
Published by: Математика плюс Х ЕООД
Keywords: term deposit for a fixed period

Summary/Abstract: The availability of extra financial income often leads to a desire and/or need to realise savings. The saving process is a long-term financial operation, which is well-known in financial mathematics as "term deposit for a fixed period". It is an important aspect of financial literacy. Effective knowledge of financial calculations related to term deposits for fixed periods could be crucial when deciding to realise savings or looking for other alternatives in governing extra financial income. Skilful applying of mathematical methods in the construction of term deposits for fixed periods could be useful to pupils and students for their participation in various mathematical Olympiads and competitions with a financial focus. The related knowledge could be also useful to teachers and people needing similar financial instruments. This paper deals with both the essence of term deposits for fixed periods and some methodological characteristics in studying and applying corresponding calculations.

  • Issue Year: 29/2021
  • Issue No: 3
  • Page Range: 74-84
  • Page Count: 11
  • Language: Bulgarian