7. General Annuities
What you'll learn
- by the end of this course you will be able to determine the future value and present value of general annuities
- you will be able to determine the payment size of a general annuity when given either the future value or the present value
- you will be able to determine the number of general annuity payments required to have one of either a future value or a present value
- you will be able to determine the interest rate for a general annuity
- a scientific calculator with exponent function and logarithms or a Business Financial calculator
- an understanding of how basic annuities work and compound interest
- a curiosity for solving mathematics of finance problems
In this course, you will solve all sorts of general annuity problems. A general annuity is an annuity where the payments do not coincide with the interest periods. You will be able to see that it is very easy to deal with general annuities once an equivalent interest rate is determined with that equivalent rate being compounded as often as the payments are made.
With this course, you will be able to download a complete set of notes which can be used when viewing the video lectures and examples. The course will take you 3-4 days to complete although this time may vary among different students.
Any student who is taking a business program or a mathematics of finance course will be interested in this course.
It would be beneficial to have a thorough understanding of Ordinary Simple Annuities prior to registering for this course.
Who this course is for:
- students who are in a Business Program at college or university,
- CFA students,
- students who are taking a math of finance course,
- anybody who is interested in personal finance
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.