Connect the ideas.
- Match the interest period to the payment period before choosing .
- Draw the cash-flow timeline: initial money, beginning/end payments, and final measurement date.
- Keep loan debt, offset savings, sinking funds, fees and taxes as distinct quantities.
- Savings use future-value annuity factors; income and loan repayments use present-value factors.
- Use unrounded intermediate balances unless a question specifies cent-by-cent rounding.
- Find a reduced final payment before calculating total loan interest.
- Compare actual stated cash flows and model assumptions, not only an advertised rate or repayment.
Put it together.
Choose a paper and show your working.
Financial mathematics — practice test 1
A balanced first paper covering investment growth, saving, income, loan balances and stated borrowing costs.
10 questions · 60 marks · 75 minutes · Technology-assistedFinancial mathematics — practice test 2
Practice with reverse calculations, stepped contributions and a changing-rate loan.
10 questions · 60 marks · 75 minutes · Technology-assistedFinancial mathematics — practice test 3
Payment timing, numerical rate solving and the effect of borrowing fees.
10 questions · 60 marks · 75 minutes · Technology-assistedFinancial mathematics — practice test 4
Explain modelling errors and adapt recurrences to missed payments, changing rates and offsets.
10 questions · 60 marks · 75 minutes · Technology-assistedFinancial mathematics — practice test 5
Use multi-stage savings, retirement and loan models with full supplied assumptions.
10 questions · 60 marks · 75 minutes · Technology-assistedFinancial mathematics — practice test 6
A harder synthesis paper: reverse models, changing conditions, cash-flow cost rates and refinancing.
10 questions · 60 marks · 75 minutes · Technology-assisted
Curriculum reference & lesson scope
SACE Board of South Australia
Stage 2 General Mathematics financial models: investments and annuities, superannuation, income streams and borrowing. Original practice uses supplied hypothetical rates, taxes and fees; statutory or commercial conditions are not inferred.
Official curriculum source ↗