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Investigating Investment Formulas Using Recursion

Eleventh graders derive the formula for the balance of a loan after a given number of payments. The activity illustrates that an annuity is simply a loan situation with a reverse of the payment (a loan pays off an amount while an annuity accumulates to an amount).

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Resource Details

Grade
11th
Subjects
Social Studies & History
3 more...
Resource Type
Lesson Plans
Usage Permissions
Fine Print
Included Materials
  • Vocabulary