4. Ordinary Simple Annuities: The Basics
Requirements
- you will need a financial calculator if you intend to use the built-in financial functions
- if you do not have a financial calculator, any scientific calculator with an exponent function (y**x) and at least one memory storage location will be sufficient
- you will need to be able to solve simple algebraic equations
- it might be helpful if you have a basic understanding of compound interest (an earlier course)
Description
This short course is a comprehensive guide to solving all sorts of ordinary simple annuity problems. I will provide you with a neat comprehensive set of notes for all of the examples. You will develop a sense of confidence as you progress through these problems from the simplest ones to more complex problems. They will all be reduced into smaller components that look just like the simplest problems.
You will also be instructed on the use of the built-in functions for the BA II Plus financial calculator which will be a great time saver to you (provided you understand the basics). This course will take you about 3-4 days to complete with about 2 hours spent on each section.
You will also be able to test your understanding of the material with quizzes that are provided at the end of each section.
If you are interested in mathematics of finance and would like to study these topics in more depth, then this is an excellent introduction to the formulas used with Annuities and how to solve finance problems.
To fully appreciate the concepts of Annuities and how time and rates affect the value of currency, you may wish to go over the learning materials found in the Compound Interest
Be sure that you have a financial calculator with you as you are going through the examples. If you do not have such a calculator, a scientific calculator with exponent function and a logarithm function will suffice.
If you have any questions, do not hesitate to use the message system to ask! I am always checking to see how my students are progressing through their courses.
Who this course is for:
- students who are taking courses in business finance
- students in a Business Program
- students in a CFA program
- students who need a review or refresh on annuity calculations
- students who need help in use of their BA II Plus Financial calculator
- students who need some tutorial assistance with the added flexibility of scheduling their own time
Instructor
- 4.5 Instructor Rating
- 94 Reviews
- 2,982 Students
- 8 Courses
Hi. I hold a 4 year Bachelor of Mathematics degree from the University of Waterloo and a B Ed (Honours) from the University of Western Ontario. While I have been trained as a high school mathematics educator, I have had the pleasure of teaching mathematics at the post secondary level for four community colleges in southern Ontario. When I am not teaching, I like to fool around with my camera, muck about in the garden, read a good book and sail around in a boat. Not necessarily in that order.
Feel free to browse through all of my Udemy courses on Mathematics of Finance. There are many links to be able to have limited view of some videos and/or notes for most of the courses. This will enable you to have a sneak preview of what you can expect and whether my materials will be of benefit to you. I have listed the courses by number sequencing the order that they should be taken in, however, if you have prior knowledge or experience with simple and compound interest, then you can jump right into the annuities and annuity applications courses. The content covered is closely matched to what is taught at the community college level but is also valuable to those who are interested in financial mathematics.
While much material can be found on YouTube, the topics are consolidated and better organized in this Udemy course format.