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)
237 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
• Access on mobile and TV
• Certificate of Completion
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
• it might be helpful if you have a basic understanding of compound interest (an earlier course)
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.

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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
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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
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Preview 06:23

Future Value - example 4
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quiz 1
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We summarize what the future value formula gives us.

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The Present Value Formula and Calculations
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Present Value - example 2
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Present Value - example 3
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present value
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Solving for the Payment Size - WORKBOOK and video notes
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Solve for Payment - example 2
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Solve for Payment - example 3
10:31

Solve for Payment - example 4
12:46

solve for the payment
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Preview 00:19