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7. General Annuities

Learn how to use the ordinary simple annuities formulas to handle general annuities with one little step.
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196 students enrolled
Created by Helen Dakin
Last updated 2/2014
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  • 1 hour on-demand video
  • 1 Article
  • 1 Supplemental Resource
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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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. ( ordinary simple annuities)

Who is the target audience?
  • 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 finances
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What Will I 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
View Curriculum
  • 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
Curriculum For This Course
Expand All 10 Lectures Collapse All 10 Lectures 01:08:54
Introduction to General Annuities
10 Lectures 01:00:50
Workbook and Video Notes
8 pages

Example 2

quiz 1
2 questions

Example 3

Example 4 solve for the payment

Example 5 solve for n


Example 6

quiz 2
2 questions

Example 7 solve for the rate

quiz 3
1 question
About the Instructor
4.1 Average rating
14 Reviews
1,697 Students
10 Courses
Learning & Development (L&D)

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 my garden, read a good book and sail around in my boat. Not necessarily in that order. Browse through all of my Udemy courses on Mathematics of Finance.

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