Financial knowledge and its importance for the users of commercial and financial services to choose the best option to pay debts

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Published: Jan 21, 2017
DOI: https://doi.org/10.17060/ijodaep.2017.n2.v2.889
Keywords:
amortizations ordinary overdue annuities financial math

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Arturo García-Santillán
UCC Business School Universidad Cristóbal Colón
http://orcid.org/0000-0001-7284-5959
Elena Moreno-García
UCC Business School Universidad Cristóbal Colón
http://orcid.org/0000-0001-9591-5921
Maritza Silva-Montes
UCC Business School, Universidad Cristóbal Colón,

Abstract

The aim of this paper was to know which of the scheme of amortization debt generate more financial cost (interest to charge debtor), among system; French, Germany and American, as also the proposal to the Latin context by García-Santillán (2014). At the end, we obtained evidence that leads us to think that the American system is the one with the highest financial cost versus the others. And the amortization system Germany is the one with the lowest financial cost.

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How to Cite
García-Santillán, A., Moreno-García, E., & Silva-Montes, M. (2017). Financial knowledge and its importance for the users of commercial and financial services to choose the best option to pay debts. International Journal of Developmental and Educational Psychology. Revista INFAD De Psicología., 2(2), 243–256. https://doi.org/10.17060/ijodaep.2017.n2.v2.889
Issue
Vol. 2 No. 2 (2017): MONOGRAPH NO. 4. PSYCHOLOGY TODAY: CHALLENGES, ACHIEVEMENTS AND PERSPECTIVES OF THE FUTURE. THE WORLD OF ADULT AND AGING
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Articles
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Author Biographies

Arturo García-Santillán, UCC Business School Universidad Cristóbal Colón

Researcher and Coordinator of doctoral program in Management Science

Maritza Silva-Montes, UCC Business School, Universidad Cristóbal Colón,

MBA student at UCC Business School,

Universidad Cristóbal Colón, Veracruz, Veracruz, México

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