Interest-only loans
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Introduction
Interest-only loans
Modelling and analysing reducing-balance loans and investments
Year 12
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!
Published: March 27, 2019
Length: 13 mins and 23 seconds
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vce maths further mathematics further 3 and 4 vce further maths vce further 3 and 4 interest only loans interest only loans australia interest free loans financial maths Year 12 maths core data Using the CAS how to find the interest on an interest only loan
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