davidgoes4wce
Well-Known Member
Re: HSC 2016 2U Marathon
The previous exercises were about 'investments' and 'superannuation investments', so they did it something along the lines of 1000 x 1.07
But Im just gathering that if doing a 'repayment, we should express it as 1000 x 0.07. But for some reason the text they go back to the GP formula by converting r from 0.07 to 1.07 (which I found a bit confusing). If this is the way to do repayments I'll make a note of that.
The previous exercises were about 'investments' and 'superannuation investments', so they did it something along the lines of 1000 x 1.07
But Im just gathering that if doing a 'repayment, we should express it as 1000 x 0.07. But for some reason the text they go back to the GP formula by converting r from 0.07 to 1.07 (which I found a bit confusing). If this is the way to do repayments I'll make a note of that.
Last edited: