Recursion and financial models
Chapter 60 of 9 strong
RESTS ONIterate a recurrence relation to generate termsCH 9Write a recurrence relation as a starting value and a ruleFOUNDATIONSTabulate a sequence by term number and term valueFOUNDATIONSApply the closed rule for the nth term of an arithmetic sequenceFOUNDATIONSApply the closed rule for the nth term of a geometric sequenceFOUNDATIONSModel simple interest as an arithmetic recurrenceFOUNDATIONSModel flat-rate depreciation as an arithmetic recurrenceFOUNDATIONSModel unit-cost depreciation based on useFOUNDATIONSModel reducing-balance depreciation as a geometric recurrenceFOUNDATIONSApply the closed rule for a linear finance modelFOUNDATIONSApply the closed rule for a geometric finance modelFOUNDATIONSName terms using the chapter's zero-indexed subscript conventionFOUNDATIONSSolve a one-step linear equationFOUNDATIONSConvert an annual rate to a compounding-period rateFOUNDATIONSApply the unitary method to a rateFOUNDATIONSExpress one quantity as a percentage of anotherFOUNDATIONS
First-order linear recurrence relations
Financial models and values
Geometric financial models
Periodic compound models
Effective annual rates