Modelling and analysing reducing-balance loans and investments
Further Mathematics: Units 3 and 4
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.
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Video tags
vce maths
annuities
annuities explained
annuities and perpetuities
vce further maths
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further 3 and 4
VCE further 3 and 4
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financial maths
year 12 maths
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amortisation
amortization table