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7.04 Loans

Worksheet
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Outcomes

4.3.2.1

understand that reducing balance loans are compound interest loans with periodic repayments

4.3.2.2

use technology (online calculator) to model a reducing balance loan

4.3.2.3

use technology (spreadsheet) to model a reducing balance loan [complex]

4.3.2.4

use technology (online calculator) to investigate the effect of the interest rate and repayment amount on the time taken to repay a loan

4.3.2.5

use technology (spreadsheet) to investigate the effect of the interest rate and repayment amount on the time taken to repay a loan [complex]

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