General Mathematics Unit 3 AOS 2 - Recursion and Financial Modelling

This Unit is composed of five different modules that can be completed individually (approximately 4 hours each). The modules include:

General Mathematics Unit 3 AOS 2: 2.1 - Recursion & depreciation

Students will explore Recursion and Depreciation through the following concepts:

• CAS Calculator Introduction

• Recurrence Relationship

• Growth and Decay

• Recurrence and Financial Modelling

• Graphs of Linear and Non-Linear Relations

• Flat Rate/Reducing Balance/Unit Cost Depreciation

General Mathematics Unit 3 AOS 2: 2.2 - Compound interest

Students will explore Compound Interest Investment through the following chapters:

• Simple Interest

• Compound Interests

• Using the CAS financial solver

• Effective Interest

General Mathematics Unit 3 AOS 2: 2.3 - Reducing balance loans

Students will explore Reducing Balance Loans through the following chapters:

• Reducing Interest Loans with periodic payment

• Reducing Balance Loan – Amortisation

• Using the CAS financial solver

• Comparing Loans

General Mathematics Unit 3 AOS 2: 2.4 - Annuities & perpetuities

Students will explore Annuities and Perpetuities through the following chapters:

• Annuity with payment using a table

• Using the CAS financial solver

• Perpetuities

General Mathematics Unit 3 AOS 2: 2.5 - Compound interest with additional payments

Students will explore Compound Interest with Payment through the following chapters:

• First Principles up to 5 and Tables

• Annuity formula for investment

• Using the CAS financial solver

• Recursion, Growth and Decay