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VCE Stuff => VCE Mathematics => VCE Mathematics/Science/Technology => VCE Subjects + Help => VCE General & Further Mathematics => Topic started by: maxleng on October 31, 2007, 07:29:58 am

Title: Bus. math
Post by: maxleng on October 31, 2007, 07:29:58 am

there are some qs that throw me off,

ie. the type that asks if its better to pay say, $500 at the start of the loan or $500 at the end?

i reason it by: paying at the start would decrease the principal hence decrease the amount of interest over the course of the loan?

Title: Re: Bus. math
Post by: Odette on October 31, 2007, 07:34:10 am

Quote from: "maxleng"

there are some qs that throw me off,

ie. the type that asks if its better to pay say, $500 at the start of the loan or $500 at the end?

i reason it by: paying at the start would decrease the principal hence decrease the amount of interest over the course of the loan?

You could work out how much interest they would pay if they paid $500 at the start and how much they'd pay if they paid $500 at the end.

It would all depend on the type of loan wouldnt it?

Anyways hope that helps :)

Title: Bus. math
Post by: Timtasticle on October 31, 2007, 09:38:57 am

I've never came across a question like that. Is this $500 going to be a repeated repayment, or just a one-off?

Because if it's payment; it's not even on the course. Because in further we only deal with repayments at the end of each compounding time. ie month, year etc.

Title: Bus. math
Post by: Odette on October 31, 2007, 10:13:12 am

Quote from: "Timtasticle"

I've never came across a question like that. Is this $500 going to be a repeated repayment, or just a one-off?

Because if it's payment; it's not even on the course. Because in further we only deal with repayments at the end of each compounding time. ie month, year etc.

Yeah thought so too lol...
I haven't come across a question like that either
It's easy to solve though

Title: Bus. math
Post by: joechan521 on October 31, 2007, 07:09:59 pm

although my school teached business maths, im definently not going to do it, because sometimes the question is worded very difficult to understand

Title: Bus. math
Post by: Odette on October 31, 2007, 07:21:42 pm

Quote from: "joechan521"

although my school teached business maths, im definently not going to do it, because sometimes the question is worded very difficult to understand

teached? tsk tsk

You should do bus math though lol its easy :S

Title: Bus. math
Post by: enwiabe on October 31, 2007, 09:16:37 pm

Business maths pickup line: I'll compound your interest ;)

Trust me it works.  :roll:

Title: Re: Bus. math
Post by: Collin Li on October 31, 2007, 09:37:11 pm

Quote from: "maxleng"

there are some qs that throw me off,

ie. the type that asks if its better to pay say, $500 at the start of the loan or $500 at the end?

i reason it by: paying at the start would decrease the principal hence decrease the amount of interest over the course of the loan?

Well, if by "better" you mean, which payment is worth more? It's the earlier payment. We all know there is a time-value of a money, which means that money gains interest because if you had $500 on day 1, you could have done all this stuff with it, in between day 1 and day 30, as opposed to if you received $500 on day 30.

That's an economic or financial point of view on it.

Title: Bus. math
Post by: Odette on November 01, 2007, 07:12:46 am

Quote from: "enwiabe"

Business maths pickup line: I'll compound your interest ;)

Trust me it works.  :roll:

Haha LOL!!

Title: Bus. math
Post by: Timtasticle on November 01, 2007, 07:16:09 am

I think he's asking about a loan, not an investment.

Title: Bus. math
Post by: Odette on November 01, 2007, 07:23:08 am

Quote from: "Timtasticle"

I think he's asking about a loan, not an investment.

Yeah he's asking about a loan :) hehe
But I don't think that will be on the exam...
You might need to compare loans and investments though... :)

Title: Bus. math
Post by: joechan521 on November 01, 2007, 07:35:32 am

Quote from: "Odette"

Quote from: "joechan521"

although my school teached business maths, im definently not going to do it, because sometimes the question is worded very difficult to understand

teached? tsk tsk

You should do bus math though lol its easy :S

my school is teaching*

na i found graphs/geometry/matrix easier

Title: Bus. math
Post by: Odette on November 01, 2007, 07:48:17 am

Quote from: "joechan521"

Quote from: "Odette"

Quote from: "joechan521"

although my school teached business maths, im definently not going to do it, because sometimes the question is worded very difficult to understand

teached? tsk tsk

You should do bus math though lol its easy :S

my school is teaching*

na i found graphs/geometry/matrix easier

Fair enough i also just noticed that definitely was spelt wrong too :P
Sorry blame it on the english exam :)

Good luck on the exam :)
I think you'll get 50 lol, considering you did so well in methods (i think that was you lol)

Title: Bus. math
Post by: joechan521 on November 01, 2007, 07:53:36 am

but i haven't touched further yet lol, im ignoring it after i finish english.
i fear english >< its my worst its gonna drag my enter down so much

Title: Bus. math
Post by: Odette on November 01, 2007, 07:56:42 am

Quote from: "joechan521"

but i haven't touched further yet lol, im ignoring it after i finish english.
i fear english >< its my worst its gonna drag my enter down so much

Aww just do your best, I'm sure you'll be fine, just try not to be nervous :) You just need to have the right attitude.. =] remember attitude=success :P

As for further, I'm sure you can still catch up lol... If you need any help just let me know :)

Title: Bus. math
Post by: joechan521 on November 01, 2007, 08:05:39 am

yeah, i'll ask you about further after 2moro's english

Title: Bus. math
Post by: Odette on November 01, 2007, 08:45:30 am

Quote from: "joechan521"

yeah, i'll ask you about further after 2moro's english

Sure thing mate :)