understand the concept of compound interest as a recurrence relation
4.3.1.4
use technology (online calculator) to calculate the future value of a compound interest loan or investment and the total interest paid or earned
4.3.1.5
use technology (spreadsheet) to calculate the future value of a compound interest loan or investment and the total interest paid or earned [complex]
4.3.1.8
use technology (online calculator) to investigate the effect of the interest rate and the number of compounding periods on the future value of a loan or investment
