5. Ordinary Simple Annuities : Advanced Problems

This course goes beyond the Basics of Ordinary Simple Annuities.
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  • Lectures 11
  • Contents Video: 1.5 hours
    Other: 11 mins
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 2/2014 English

Course 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.

What are the 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.

What am I going to get from this course?

  • you will be able to determine the number of payments required on a loan or determine the number of deposits required to reach a stated future value
  • will be able to approximate the nominal interest rate earned by a fixed term annuity when you know the maturity value
  • will be able to approximate the nominal interest rate charged by a loan company when you are given the payment size and the term of the loan
  • you will learn some of the functions available to you on the BA II Plus financial calculator that will help you to solve for N or I/Y

What is the target audience?

  • students who are taking a mathematics of finance course and would like additional resource materials
  • students in a CFA program

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Ordinary Simple Annuities - Advanced Problems
5 pages

These will serve as your lecture notes while you are viewing the videos. Print them in advance and use them to make your notes while you are solving the problems.

Solving for 'n' - the number of payments - example 1
Preview
12:00
Solving for 'n' - example 2
Preview
08:56
example 3
11:28
use of the financial calculator
Preview
08:41
solving for the number of payments
2 questions
summary
Preview
Article
5 pages

These will serve as your lecture notes while you are viewing the videos. Print them in advance and use them to make your notes while you are solving the problems.

Section 2: Solving for the Nominal Interest Rate
Solving for the rate - example 1
18:35
solving for the rate - example 2
16:37
example 3
09:37
solving for the rate
4 questions
summary
Preview
Article

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Instructor Biography

Helen Dakin, 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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