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This programme looks at how recurrence relations can be used to model the repayment of a building society mortgage, and how paying an extra Đ5 a month can result in a considerable saving in total outlay.
Metadata describing this Open University video programme
Module code and title: MST204, Mathematical models and methods
Item code: MST204; 01
First transmission date: 1982
Published: 1982
Rights Statement:
Restrictions on use:
Duration: 00:24:00
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Producer: John Jaworski
Contributors: Mick Bromilow; Pete Thomas
Publisher: BBC Open University
Keyword(s): Building society; Computer animation; Ill conditioning
Subject terms: Mathematical models; Mortgages--Great Britain
Production number: FOUMO93B
Videofinder number: 4409
Available to public: no