7. General Annuities
Learn how to use the ordinary simple annuities formulas to handle general annuities with one little step.
What you will learn
by the end of this course you will be able to determine the future value and present value of general annuities
you will be able to determine the payment size of a general annuity when given either the future value or the present value
you will be able to determine the number of general annuity payments required to have one of either a future value or a present value
you will be able to determine the interest rate for a general annuity
Why take this course?
In this course, you will solve all sorts of general annuity problems. A general annuity is an annuity where the payments do not coincide with the interest periods. You will be able to see that it is very easy to deal with general annuities once an equivalent interest rate is determined with that equivalent rate being compounded as often as the payments are made. An example of a general annuity is one where the payments are made on a bi-weekly basis and the interest rate is compounded on a monthly basis or on an annual basis. Some car lease programs are based on bi-weekly or even weekly car payments. Another example of a general annuity is a mortgage with monthly payments and an interest rate that may be compounded semi-annually.
With this course, you will be able to download a complete set of notes which can be used when viewing the video lectures and examples. The course will take you 3-4 days to complete although this time may vary among different students.
Any student who is taking a business program or a mathematics of finance course will be interested in this course.
It would be beneficial to have a thorough understanding of Ordinary Simple Annuities prior to registering for this course.
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Content
Introduction to General Annuities
Charts
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