5. Ordinary Simple Annuities : Advanced Problems.
Requirements
- successful completion of the course: Ordinary Simple Annuities : the basics
- you should already have a good understanding of Compound Interest principles and the time value of money
- you should have access to a scientific calculator with an exponent key and a logarithm function and at least one memory. A financial calculator would be even better.
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Description
Armed with your skills learned from the course: "Ordinary Simple Annuities - The Basics", you will now be able to apply your knowledge towards solving more complex annuity problems. The course will likely take you about 3-4 days to complete as there are two sections (solving for N and solving for I/Y).
The course is structured with a set of lecture notes complete with examples which will be solved with the videotaped lessons. You will also have quizzes at the end of each section along with a summary.
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.
You will be provided with a base set of course notes which you can use while you are watching the videotaped lectures and simultaneously working through the exercises. The course could take about three to four days to complete but this may vary among different students. There are lots of quizzes built in throughout the course to test your understanding of the materials at different stages.
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 or even to review the pre-requisite course "Ordinary Simple Annuities-The Basics" .
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 a mathematics of finance course and would like additional resource materials
- students in a CFA program
Instructor
- 4.5 Instructor Rating
- 94 Reviews
- 2,971 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.