Investments and depreciation
Apply compound interest and depreciation formulas and evaluate buying on terms.
Number · MA5-FIN-C-02
Sub-topics
Compound interest
Calculate future value and present value using the compound interest formula, and compare compound and simple interest over the same period.
Depreciation
Apply the depreciation formula to find salvage values, rates and initial values.
Buying on terms and credit
Find the total cost of buying on terms and compare credit options to determine the cheapest way to finance a purchase.