Education Technology

NSW: Home Loans

by Texas Instruments


Calculate and compare loan costs when interest is paid or charged daily, monthly, quarterly or six-monthly on a reducing balance loan. 


  • Compounding
  • Reducing balance
  • Interest
  • Per annum
  • Repayment

About the Lesson

Students use the lists on the calculator to create a semi-automated home loan calculator. The step by step process and questions explore how the proportion of each loan repayment changes over the course of the loan. Students also use a formula to compute the monthly balance and generate a table of values.