Interest Only Loans
Reducing balance loans, annuities and investments
General Maths Units 3 and 4 (2023+)
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Description
This video continues with the Financial Solver section of the Year 12 General Maths course and looks at Interest Only Loans. I look at what an interest only loan is and how you can use "by hand" and CAS methods to find the payments which might need to be made. There are a number of worked examples which support the clearly explained theory.
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