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Title: Interest-only loans

Section: Modelling and analysing reducing-balance loans and investments

Course: Further Mathematics: Units 3 and 4

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Interest-only loans
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About Lesson

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!

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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

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