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)
… See the whole entry
Sinking funds
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 11.5: 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
…