Paper 1 · Financial Maths
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Lesson 6 of 8
Financial Maths 6 – Annuities (Paying Money Back)
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- Set a loan equal to the present values of its repayments: a = F/(1+i), R = 1/(1+i)
- Find the monthly repayment on a loan or mortgage using the Sₙ formula
- Handle deferred-start loans and repayments that grow by a percentage each time
- Use logs to find the number of repayments, with the page-31 amortisation formula as a check
Most recent exam questions
- 2025 P1 Q8(b) — deferred
- 2024 P1 Q7(b)(i)
- 2024 P1 Q7(b)(ii)
- 2023 P1 Q7(b) — deferred
- 2023 P1 Q7(d)(ii) — deferred
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