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General Maths Units 3 and 4

Interest Only Loans

Reducing balance loans, annuities and investments

12:42 Lesson length
11 Chapters
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About this lesson
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.
Lesson chapters
  1. Welcome
  2. Learning objectives
  3. Recap of past learning
  4. Interest Only Loans
  5. Interest Only Loans: Financial Solver
  6. Modelling interest only loans
  7. Example 1: By hand
  8. Example 1: Using the CAS
  9. Example 2
  10. Example 3
  11. Final words
Legal (VCAA)

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

Video details
  • Title Interest Only Loans
  • Section Reducing balance loans, annuities and investments
  • Course General Maths Units 3 and 4

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