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This video is the first in a new series for Further Maths. Building on the work from the previous section of work I look at how we can combine the formulas we have been using to make one - easy to use - formula. There are a number of worked examples which are clearly explained and referenced to the work which will proceed and precede.
This video continues the Further Maths Units 3 and 4 course with the financial maths component. This is the last pencil and paper style lesson before moving into the Financial Solver section of the work. I recap some of the previous work before moving on to an in-depth look at Amortisation Tables. How to read them and how to find missing values. Lots of worked examples and I believe some awesome explanations.
I love this part of the course. Using the Financial Solver on the CAS is awesome. It also allows me, in the evenings, to plan my route to riches. OK. I'm never going to be rich, but this part of the Further 3 and 4 course is awesome. I take the time to talk through loans and investments and how you can work out how much money you will gain in interest for investment and how much money you will pay back for a loan. I use a number of examples and make sure you understand the difference between a positive and negative number in the Financial Solver. All done with a background of real examples! So much fun!
This video continues the Further Maths series for Core Data with some more Financial Maths. Having spent time looking at how to use the CAS to solve reducing-balance loans and investments, I take a look at loans where we only pay back the interest and none of the principal. Using some great examples, I look at how we can extract the correct information from the question before entering it into the CAS. Interest only loans might not be great in real life, but this video is hopefully great at explaining the concept to you!
This video is another in the Further Maths series on Financial Mathematics! This time I am looking at annuities. I look at what an annuity is and how we can use recurrence relations and the CAS to help us calculate how long an annuity will last for. The great thing is that lots of us will use them in our lifetimes. We might save up for a trip around the world and use the money to finance ourselves, or something as simple as a Pension (or Super). This video is supported with lots of examples and a great section on Amortization Tables.
This is another video in the Further Maths series dealing with Financial Mathematics. It's the turn of perpetuities and how we can use the Financial Solver and the CAS to help us work with perpetuities. We have already dealt, in a previous video, with the idea of annuities where the money from an investment is paid out each month and eventually runs out. A perpetuity lets you invest money and (effectively live on the interest indefinitely!). So, crack out the CAS and let's get some learning done.
This video is the final one in the series dealing with Financial Mathematics for the Further Maths course. It takes all we have been learning and now adds some extra excitement to it. Dealing with compound interest investments with regular additions to the principal I show how to use amortization tables to look at what happens when we invest money, get interest and then add additional payment. I look at how you can be a millionaire by the time you retire with a very easy to follow method. I show how to use the CAS and use lots of awesome examples.
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These are the videos which are available in each chapter. You will notice that some are free and some are for subscribers only. Making and hosting these videos costs a little bit of money. To help pay for the hosting fees I have no choice but to hide some of the videos and make them for subscribers only.