Available online
Description
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.
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.
| 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 |
| + Show more... | |
| 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 |
