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6.01 Simple and compound interest using sequences

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Outcomes

4.2.1

use a recurrence relation to model a compound interest loan or investment and investigate (numerically or graphically) the effect of the interest rate and the number of compounding periods on the future value of the loan or investment

4.2.3

with the aid of a calculator or computer-based financial software, solve problems involving compound interest loans, investments and depreciating assets

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