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Finance applications using geometric sequences and recurrence relations
Sequences and finance
General Maths Units 1 and 2 2023+
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Description
This is another video in the Sequences and Finance section forming part of the Year 11 VCE General Maths (Units 1 and 2 course). This video looks at how we can apply all the learnings we have so far for geometric sequences to the world of finance. Again, there are lots of terms (which really mean the same thing) and so I look at compound interest and reducing balance depreciation and show how we can answer complex questions using just one formula. There are lots of worked examples and I hope I explain it in an easy to understand way.
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