Section 11.5: Annuities

11.5 Outline

1. Ordinary Annuities
   1. lump-sum problems
   2. periodic-payment problems
   3. definition
   4. monthly payment
   5. ordinary annuity formula
   6. future value formula
2. Sinking funds
   1. definition
   2. sinking fund formula
3. Using a calculator for financial problems

11.5 Essential Ideas