Recursion & financial modelling
Unit 1
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Area of Study Overview:
Area of Study Overview:
This topic covers the use of first-order linear recurrence relations and technology to model and analyse a range of financial situations, and solve related problems involving interest, appreciation and depreciation, loans, annuities and perpetuities.
Outcomes
Outcomes
On completion of this unit the student should be able to:
define and explain key concepts and apply related mathematical techniques and models as specified in Area of Study 1 in routine contexts.
select and apply the mathematical concepts, models and techniques as specified in Area of Study 1 in a range of contexts of increasing complexity.
select and appropriately use numerical, graphical, symbolic and statistical functionalities of technology to develop mathematical ideas, produce results and carry out analysis in situations requiring problem-solving, modelling or investigative techniques or approaches.
Key Knowledge:
Key Knowledge:
Key Skills:
Key Skills:
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