the use of first-order linear recurrence relations to model compound interest investments and loans, and the flat rate, unit cost and reducing balance methods for depreciating assets, reducing balance loans, annuities, perpetuities and annuity investments
U3.AoS2.9
use technology with financial mathematics capabilities, to solve practical problems associated with compound interest investments and loans, reducing balance loans, annuities and perpetuities, and annuity investments
