The time value of money - German Nande
https://www.youtube.com/watch?v=MhvjCWfy-lw
http://ed.ted.com/lessons/how-to-calculate-the-future-value-of-your-cash-german-nande (Alternate link)
Lesson, Video, YouTube
We've all heard the phrase "Time is money." But what do these two things actually have to do with one another? German Nande explains the math behind interest rates, revealing the equation that will allow you to calculate the future value of your money (if you wisely put it in the bank, that is).
13 July 2014 Edit: 1 April 2017
- The Australian Curriculum
- ACMNA229 Year 10 Connect the compound interest formula to repeated applications of simple interest u
- The Australian Curriculum Version 9.0 New
- Year 10, Algebra Year 10, AC9M10A04 use mathematical modelling to solve applied problems involving growth and decay, including
- NSW Mathematics Standard Stage 6 Syllabus
- Financial Mathematics, MS-F1 Money Matters, MS-F1.1 Interest and depreciation, MS-F2 Investment, MS-F3 Depreciation and Loans, MS-F4 Investments and Loans, MS-F4.1 Investments, MS-F4.2 Depreciation and loans, MS-F5 Annuities
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