What you will learn:

3A Future value
3B Investment graphs
3C Appreciation and inflation
3D Shares and dividends
3E Declining-balance depreciation
3F Reducing-balance loans
3G Credit cards
3H Credit card statements
3I Fees and charges for credit card usage

Outcomes:

• Use the future value formula to calculate the compound interest.
• Compare the growth of simple interest and compound interest.
• Calculate compound interest and compare graphs for different rates and periods.
• Compare and contrast different investment strategies.
• Solve practical problems involving compound interest.
• Calculate the dividend paid on a portfolio of shares and the dividend yield.
• Calculate the depreciation of an asset using declining-balance method.
• Solve practical problems involving reducing-balance loans.
• Interpret credit card statements and solve problems involving credit cards.
• Identify the various fees and charges associated with credit card usage.