Compound Interest as a Geometric Recurrence Relation is a part of the VCE Further Maths topic Recursion and Financial Modelling. It is part of the subtopic Compound Interest Investments and Loans. In this post, we look at how to use a recurrence relation to model a compound interest investment or loan.
How is Compound Interest a Geometric Recurrence Relation?
Watch this next video to learn more!
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