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
4.2.2
calculate the effective annual rate of interest and use the results to compare investment returns and cost of loans when interest is paid or charged daily, monthly, quarterly or six-monthly
4.2.3
with the aid of a calculator or computer-based financial software, solve problems involving compound interest loans, investments and depreciating assets
4.2.5
with the aid of a financial calculator or computer-based financial software, solve problems involving reducing balance loans
4.2.6
use a recurrence relation to model an annuity, and investigate (numerically or graphically) the effect of the amount invested, the interest rate, and the payment amount on the duration of the annuity
4.2.7
with the aid of a financial calculator or computer-based financial software, solve problems involving annuities (including perpetuities as a special case)
