03 RecurrenceRelations FlatRateDepreciation

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Use of Recurrence Relations to solve flat rate depreciation problems.
This video is one of a set of 13 videos designed for my VCE Further Maths students as an introduction and summary to the new module “Recursion and Financial Modelling” Module.
We progress through recurrence relations (both linear / geometric) and move onto their application in simple/compound interest, depreciation and later to annuities and perpetuities.
  1. MDAmath
  2. VCE Further Maths
  3. VCE FM
  4. Recurrence Relations
  5. Flat Rate Depreciation
  6. introduction
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