Further Mathematics: Units 3 and 4
Interest-only loans
Modelling and analysing reducing-balance loans and investments
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About this 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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Video details
- Title Interest-only loans
- Section Modelling and analysing reducing-balance loans and investments
- Course Further Mathematics: Units 3 and 4
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vce maths
further mathematics
further 3 and 4
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vce further 3 and 4
interest only loans
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interest free loans
financial maths
Year 12 maths
core data
Using the CAS
how to find the interest on an interest only loan
Lesson discussion
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