Recurring deposits — Part 2: Maturity value and inverse problems

• Chapter notes
• Practise questions

Slides

1. 1Banking: Recurring Deposit Accounts, Part 2
2. 2What you will be able to do
3. 3Maturity value
4. 4Worked example 1: a three-year deposit
5. 5Deposits and maturity value side by side
6. 6Quick check: a maturity value
7. 7Inverse problems: what is unknown?
8. 8Worked example 2: finding the instalment
9. 9Worked example 3: finding the rate
10. 10Quick check: find the rate
11. 11Finding the number of months
12. 12Worked example 4: months from the maturity value
13. 13Quick check: choose the root
14. 14Worked example 5: months from the interest
15. 15Quick check: both roots?
16. 16Always check by working forwards
17. 17Summary
18. 18Exam tips: how marks are awarded

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