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International Baccalaureate Mathematics

Number and Algebra

These are the Transum resources related to the statement: "Amortization and annuities using technology".

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Furthermore

If you use the TI-Nspire graphic display calculator here are instructions for using the Finance Solver.

Transum,

Friday, August 16, 2019

"Amortization is the action or process of reducing or paying off a debt with regular payments. An annuity is a series of payments made at equal intervals. Examples of annuities are regular deposits to a savings account, monthly home mortgage payments, monthly insurance payments and pension payments."

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