Nominal and effective interest rates
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Nominal and effective interest rates
Modelling growth and decay using recursion
Year 12
This video is part of the Further Maths Units 3 and 4 course and completes this section of the course. Looking at the difference between nominal and effective interest rates, there are a number of examples give of what a nominal rate is, how to convert a per annum interest rate to monthly/quarterly/weekly etc. I look at what effective interest rates are with a detailed look at how to calculate them by hand and using the CAS. This video does all it can to help you understand this fascinating and very "real world" topic.
Published: April 14, 2020
Length: 20 mins and 05 seconds
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vce maths Nominal and effective interest rates nominal interest rates effective interest rates per annum interest rates financial maths vce further further maths further units 3 and 4 further 3 and 4 difference between nominal and effective interest how to calculate effective interest rate
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