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Reducing balance loans, annuities and investments

General Maths Units 3 and 4 2023+

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Lesson notes

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VCE Maths exam question content used by permission, ©VCAA. The VCAA is not affiliated with, and does not endorse, this video resource. VCE® is a registered trademark of the VCAA. Past VCE exams and related content can be accessed at www.vcaa.vic.edu.au

Chapters

Introduction

Description

This is the first in a new section of videos as part of the Year 12 General Maths (Units 3 and 4) course relating to Financial Mathematics. The full title of the work is ... and wait for the length of this title ... "Combining linear and geometric growth or decay to model compound interest investments with additions to the principal". So ... this video will recap the work from all of Chapter 7 (from the Cambridge textbook series) and then look at how we can add payments by making additions to the principal. It basically models real worlds examples! There are lots of worked examples which highlight how it might be used. All theory is explained in an easy to understand way.

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