Video Links 11-6
Video:
Present Value of an Annuity – Note: the keys you press will vary depending on the calculator that you are using. (time: 3:25)
… See the whole entry
Annuities
Video Links 11-5
Videos:
Calculating Annuities (time: 6:18)
Using a calculator to find a sinking fund – Note: the keys you press will vary depending on the calculator that you are using. (time: 1:58)
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Reference Topics 11-5
There are a multitude of sites to help with retirement planning. Here is a samples:
http://www.troweprice.com/retirement
The annuity formula in the book is actually called an ordinary annuity. This is the situation where the payment is made at the end … See the whole entry
Homework Hints 11-7
Problems 1-3
There are many problems throughout the text labeled IN YOUR OWN WORDS. Just relax; do not be afraid to give your opinion. For the most part, these questions do not have “right” or “wrong” answers. You should spend … See the whole entry
Homework Hints 11-5
Problems 1-6
There are many problems throughout the text labeled IN YOUR OWN WORDS. Just relax; do not be afraid to give your opinion. For the most part, these questions do not have “right” or “wrong” answers. You should spend … See the whole entry
Section 11.7: Summary of Financial Formulas
11.7 Outline
- Definition of variables
- Classification of financial formulas
- simple interest formula
- compound interest formula
- future value problem
- present value problem
- ordinary annuity
- present value of an annuity
- sinking fund
- amortization
11.7 Essential Ideas
… Section 11.6: Amortization
11.6 Outline
- Present value of an annuity
- definition
- formula
- calculator
- Monthly payments
- define amortization
- formula
- calculator
- distinguish add-on simple interest and amortization
11.6 Essential Ideas
… Section 11.5: Annuities
11.5 Outline
- Ordinary Annuities
- lump-sum problems
- periodic-payment problems
- definition
- monthly payment
- ordinary annuity formula
- future value formula
- Sinking funds
- definition
- sinking fund formula
- Using a calculator for financial problems
…