Accumulation and Converting Interest Rates
Students familiar with appreciation and reversing a percentage change should find this topic not too much of a stretch. The basic premise is that you must multiply by one plus the interest rate in order to accumulate, and divide the one plus the interest rate in order to find the present value.
Tasks/Ideas
- Leckie Higher Applications Student Book – Chapter 12 – Exercise 12A
- Effective Rate of Interest Worksheet – Effective Rate Worksheet
Present Value
Tasks/Ideas
- Leckie Higher Applications Student Book – Chapter 12 – Exercise 12B
- Holiday Challenge – Present value challenge with multiple payments.
More Complex Calculations
Tasks/Ideas
- Leckie Higher Applications Student Book – Chapter 12 – Exercise 12C