EUROPEAN JOURNAL OF ACCOUNTING, FINANCE & BUSINESS

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ISSN: 2344 - 102X

ISSN-L: 2344 - 102X



 

Article from Volume 6, Number 2, Year 2018

CREDIT PURCHASE MODALITY THROUGH DENOMINATED SYSTEM CALLED "SMALL PAYMENTS". HOW DOES IT AFFECT DOMESTIC ECONOMY?
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Author(s): Vicky Diaz-aquino, Arturo Garcia-santillan, Jesica J. Ramos-hernandez, Genesis Rivera-novelo
DOI: 10.4316/EJAFB.2018.621
Abstract: The aim of the study is to show, through three hypotheses supported by financial mathematical theory, how is the behavior of the Mexican household when making purchases of white goods. For this, an interest rate (i), the capitalization (m) and the time of the debt (n) are established according to each departmental store included in this study; all this to be able to compare through amortization tables how are the payments. The results are compared in order to show and identify the effect that credit purchases have with the called "small payment schemes" for the Mexican household. The benefit of this analysis is to show the possibility for Mexican families of discerning the most convenient option when acquiring this sort of assets so that they are really capable of paying on time.
Keywords: Credit Payment, Loan Bank, White Goods, Mexican Household Economy
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