This is part of the HSC Mathematics Advanced course under the topic of Financial Mathematics: Financial applications of sequences and series. In these videos, we will explore loan repayments. This will be learning how to recognise a reducing balance loan as a compound interest loan with periodic repayments, and solve problems including the amount owing on a reducing balance loan after each payment is made.
Part 1: Unpacking the Question
Part 2: How to Determine the Loan Repayment
Part 3: Interpreting the Answer
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