This short course discusses how the present and future value of annuities are affected when the payments are made in advance of the interest periods (i.e. at the beginning of each period), instead of at the end of the periods. We will also discuss deferred annuities which are the result of postponing the first annuity payment by more than one interest period.
If you are interested in mathematics of finance and would like to study these topics in more depth, then this is an excellent introduction to the formulas used with annuities and how to solve finance problems. In dealing with Annuities Due or Deferred Annuities, we will be applying small 'tweaks' to the Ordinary Simple Annuities formulas to make adjustments as necessary depending on the description of the annuity.
In this course, you will be provided with a base set of course notes which you can use while you are watching the videotaped lectures and simultaneously working through the exercises. The course could take about three to four days to complete but this may vary among different students. There are lots of quizzes built in throughout the course to test your understanding of the materials at different stages.
To fully appreciate the concepts of Annuities and how time and rates affect the value of currency, you may wish to go over the learning materials found in the Compound Interest . Be sure that you have a financial calculator with you as you are going through the examples. If you do not have such a calculator, a scientific calculator with exponent function and a logarithm function will suffice.
If you have any questions, do not hesitate to use the message system to ask! I am always checking to see how my students are progressing through their courses.
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Hi. I hold a 4 year Bachelor of Mathematics degree from the University of Waterloo and a B Ed (Honours) from the University of Western Ontario. While I have been trained as a high school mathematics educator, I have had the pleasure of teaching mathematics at the post secondary level for four community colleges in southern Ontario. When I am not teaching, I like to fool around with my camera, muck about in the garden, read a good book and sail around in a boat. Not necessarily in that order.
Feel free to browse through all of my Udemy courses on Mathematics of Finance. There are many links to be able to have limited view of some videos and/or notes for most of the courses. This will enable you to have a sneak preview of what you can expect and whether my materials will be of benefit to you. I have listed the courses by number sequencing the order that they should be taken in, however, if you have prior knowledge or experience with simple and compound interest, then you can jump right into the annuities and annuity applications courses. The content covered is closely matched to what is taught at the community college level but is also valuable to those who are interested in financial mathematics.
While much material can be found on YouTube, the topics are consolidated and better organized in this Udemy course format.
