ACMGM094
use a recurrence relation to model a compound interest loan or investment, and investigate (numerically or graphically) the effect of the interest rate and the number of compounding periods on the future value of the loan or investment
ACMGM094 | Content Descriptions | Unit 4 | General Mathematics | Mathematics | Senior secondary curriculum
ACMGM096
with the aid of a calculator or computer-based financial software, solve problems involving compound interest loans or investments; for example, determining the future value of a loan, the number of compounding periods for an investment to exceed a given …
ACMGM096 | Content Descriptions | Unit 4 | General Mathematics | Mathematics | Senior secondary curriculum