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Using a recurrence relation to model an investment annuity and calculating interest accrued
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Developing recursion relations to model investment annuity scenarios and calculating interest earned in both the deposit and withdrawal phases. Includes practice SF and CF questions for Unit 4 12 General Maths in QLD with worked solutions.
Lesson objectives:
- Use recursion relation to model to the balance of an investment annuity after n compounding periods
- Calculate the total amount of interest earned since the initial investment balance (A0) was made, after n compounding periods
- Solving problems involving investment annuities using recurrence relations and interest calculations
Lesson objectives:
- Use recursion relation to model to the balance of an investment annuity after n compounding periods
- Calculate the total amount of interest earned since the initial investment balance (A0) was made, after n compounding periods
- Solving problems involving investment annuities using recurrence relations and interest calculations