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

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)
See the whole entry

## Homework Hints 11-7

### Note: Homework Hints are given only for the Level 1 and Level 2 problems.

However, as you go through the book be sure you look at all the examples in the text. If you need hints for the Level 3 … See the whole entry

## Homework Hints 11-5

### Note: Homework Hints are given only for the Level 1 and Level 2 problems.

However, as you go through the book be sure you look at all the examples in the text. If you need hints for the Level 3 … See the whole entry

## 11.7 Outline

1. Definition of variables
2. Classification of financial formulas
1. simple interest formula
2. compound interest formula
3. future value problem
4. present value problem
5. ordinary annuity
6. present value of an annuity
7. sinking fund
8. amortization

## 11.7 Essential Ideas See the whole entry

## 11.6 Outline

1. Present value of an annuity
1. definition
2. formula
3. calculator
2. Monthly payments
1. define amortization
2. formula
3. calculator
4. distinguish add-on simple interest and amortization

## 11.6 Essential Ideas See the whole entry

## 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 See the whole entry