Quick questions on Simple and compound interest: VCE General Mathematics Unit 3 Recursion and financial modelling

Q: What are off-by-one on the number of periods?

The starting balance is V_0, so after n periods the balance is V_n. Count the periods, not the listed terms.

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What are off-by-one on the number of periods?

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The starting balance is

V_0

, so after

n

periods the balance is

V_n

. Count the periods, not the listed terms.

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