Investing Money by Regular Instalments (HSC SSCE Mathematics Advanced): Flashcards
📚Flashcards
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10 cards from this deck
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Practise the cards
10 cards from this deck
Another name for superannuation
Another name for superannuation
Annuities
Instalment invested longest in regular scheme
Instalment invested longest in regular scheme
First instalment
Tool to find total value of regular instalments
Tool to find total value of regular instalments
Geometric progressions (GPs)
Approach for formulae in instalment problems
Approach for formulae in instalment problems
Derive within each question, don't memorise
GP sum formula
GP sum formula
in GP sum formula
in GP sum formula
Common ratio (usually interest rate)
Use of logarithms in investment calculations
Use of logarithms in investment calculations
Finding how long to reach target value
Rounding rule for (investment years)
Rounding rule for (investment years)
Round up to next whole number
Monthly interest rate from annual rate
Monthly interest rate from annual rate
Annual rate ÷ 12
Weekly interest rate from annual rate
Weekly interest rate from annual rate
Annual rate ÷ 52