NSW HSC HSC Diagnostic Annuities

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Question 1 ANNUITIES 
􏠾 ANNUITY AS A RECURRENCE Marks (2)

A loan is modeled by the recurrence relation: Vn+1=vn × 1.06 − 500, where v0 = 2000. Find
the balance a er 2 payments. 􏁘


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Question 2 ANNUITIES 
􏠾 ANNUITY AS A RECURRENCE Marks (2)

A loan is modeled by the recurrence relation: Vn+1=vn × 1.09 + 2000, where v0 = 8000.

Find the balance a er 2 payments. 􏁘



16232

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© CLASS EDUCATION 2020
 NSW HSC HSC Diagnostic Annuities
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Question 3 ANNUITIES 
􏠾 USING A FUTURE VALUE TABLE Marks (1)

Lisa deposits $2100 into an account at the end of

the year. The account pays 7% p.a compound 􏁘

annually . Use the adjacent table , calculate the
value of the investment a er 3 years.

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Question 4 ANNUITIES 
􏠾 USING A FUTURE VALUE TABLE Marks (2)

Use the adjacent table to calculate the interest

earned on an investment of $2000 per half-year, for 􏁘

2 years at 8% p.a.

16234

This quiz content is licensed to Class Mathematics

© CLASS EDUCATION 2020
 NSW HSC HSC Diagnostic Annuities
Want answers? Use QR or code 6C07 on the Class Mathematics website. Page 3 of 4
Alternatively click get answers for instant access.

Question 5 ANNUITIES 
􏠾 USING A PRESENT VALUE TABLE Marks (1)

Use the present value table to calculate the

present value for $2400 per year at 8% p.a for 2 􏁘

years.

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Question 6 ANNUITIES 
􏠾 USING A PRESENT VALUE TABLE Marks (2)

From the table determine the compound interest

rate, given the present value is $13365 and $5000 is 􏁘

invested at the end of each year for 3 years.

16236

This quiz content is licensed to Class Mathematics

© CLASS EDUCATION 2020
 NSW HSC HSC Diagnostic Annuities
Want answers? Use QR or code 6C07 on the Class Mathematics website. Page 4 of 4
Alternatively click get answers for instant access.

Question 7 ANNUITIES 
􏠾 USE OF ANNUITIES Marks (2)

Lucy takes out a car loan for $50000 at an interest

rate of 8% p.a compound interest. She agrees to 􏁘

pay a regular annual payment of $12000. From the
table above what are the values of x, y and z?

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Question 8 ANNUITIES 
􏠾 USE OF ANNUITIES Marks (3)

Harry's superannuation fund has a balance of

$750000 and gives 4% p.a compound interest. 􏁘

From the table what are the values of x, y and z?

16238

This quiz content is licensed to Class Mathematics

© CLASS EDUCATION 2020