Hour of Math · SS3 · Unit SSNP9

Annuities and Real-Life Financial Calculations

Apply the ordinary annuity formula $FV = R\,\frac{(1+i)^n - 1}{i}$, adjust for an annuity-due by multiplying by $(1+i)$, rearrange to find the regular deposit in a sinking fund, and find bond maturity values and flat-rate loan repayments.

Loading lesson…