Solving compound interest and depreciation problems with the finance solver

What this note covers

1. What the finance solver is and what it is for
2. The sign convention
3. Setting N, P/Y and C/Y correctly
4. Worked problems: solving for FV, N and I%
5. Depreciation: flat rate and unit cost
6. Reducing balance depreciation
7. Comparing the methods and interpreting book value
8. How this is examined in the WACE ATAR course examination

8 sections · 12 key terms & formulas · 6 common mistakes