4. Ordinary Simple Annuities: The Basics
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4. Ordinary Simple Annuities: The Basics

An introduction to determining the future value and present value of annuties and determining the payment size.
4.0 (1 rating)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
236 students enrolled
Created by Helen Dakin
Last updated 1/2014
English
Current price: $10 Original price: $20 Discount: 50% off
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Includes:
  • 1.5 hours on-demand video
  • 3 Articles
  • 3 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What Will I Learn?
you will be able to determine the Final Value of an ordinary simple annuity
you will be able to determine the Present Value (or cash value) of an ordinary simple annuity
you will be able to determine the size of the annuity payment required to reach a given future amount
you will be able to determine the size of the annuity payment from a stated present value or cash value
View Curriculum
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
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.

Who is the target audience?
  • 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
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Curriculum For This Course
Expand All 17 Lectures Collapse All 17 Lectures 01:44:02
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Ordinary Simple Annuities and Future Value Calculations
6 Lectures 29:17

These notes should be printed prior to viewing the video lessons.

Preview 7 pages

this video is the introduction to the first lecture on ordinary simple annuities and includes example 1

Preview 07:02

Future Value - example 2
04:11


Future Value - example 4
11:22

quiz 1
2 questions

We summarize what the future value formula gives us.

Preview 00:19
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The Present Value Formula and Calculations
5 Lectures 18:50


Present Value - example 2
04:21

Present Value - example 3
07:28

present value
3 questions

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How to Solve for the Payment Size in an Annuity
6 Lectures 37:39
Solving for the Payment Size - WORKBOOK and video notes
6 pages


Solve for Payment - example 2
06:10

Solve for Payment - example 3
10:31

Solve for Payment - example 4
12:46

solve for the payment
2 questions

About the Instructor
Helen Dakin
4.1 Average rating
15 Reviews
1,698 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.