Modelling Flat Rate Depreciation with a Recurrence Relation is a part of the VCE Further Maths topic Recursion and Financial Modelling. It is a part of the subtopic Depreciation of Assets. This section uses a recurrence relation to model reducing balance depreciation of the value of an asset with time.
Linear Growth and Decay in Finance
Watch this next video to learn about linear growth and decay. It also applies this to depreciation.
This next video looks at rules for linear growth and decay.
Watch the following video to learn how to model geometric growth and decay.
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