Calculating the effective interest rate.
Calculating the monthly installment on a loan
Calculating the outstanding balance on a loan
Working out the interest rate for a reducing balance question
Calculating the percentage of the original value of an item that has depreciated over time
Getting the monthly installment after a deposit has been made.
FREE PREVIEWEXERCISE - Getting the outstanding balance on a loan
What percentage of loan repayments went towards paying the interest
Comparing the interest rates between 2 depreciating options
How many months needed to pay off this loan
Installments on a home loan
Putting money aside for a holiday
Proving that a future value is above a certain number
EXERCISE - How to get the outstanding balance on a loan.
Number of months needed to pay off the balance on a loan
How many payments of R4000 will be made while paying off a loan
Determining the nominal rate compounded quarterly
Determining the percentage of the depreciated value compared to the original
Comparing the returns on 2 different investment strategies
How to properly draw and use a timeline to answer a question
FREE PREVIEWDetermining the minimum percentage profit on shares over a certain time period
Determining if someone will be able to pay off their loan based on their repayment strategy
Using a timeline to determine how much value investments will accumulate to.
How to use info from a timeline all in one go.
Quick short way to use ratios in financial math
EXERCISE - Working with percentages and the future value annuities formula.
Using a timeline to determine the original value of a loan
Making sure you don't get confused when loan payments a missed
FREE PREVIEWFinal Payment on a loan
How to calculate the value of a sinking fund
What to do when yearly withdrawals are made from a sinking fund
When you get to the Financial Math section in your exam, you will comfortably answer all those questions related to Future and Present value annuities, Balance on a loan, Reducing balance, Compound Interest, Sinking Funds, and Timelines. This course will help you leave the exam room feeling confident after that math paper 1 test/exam.
Levy From Bright Young Brains
