My First Section
- Amortization - Workbook and Video Notes
- Amortization Schedules - Example 1
- Example 2
- Example 3
- Amortization - conclusion
What you'll learn
- You will be able to construct a full amortization schedule when required
- you will be able to jump into any row of an amortization schedule
Description
This course will teach you how to prepare an amortization schedule for a loan. An amortization schedule is important to a person who has borrowed money as it clearly shows them the breakdown of each individual loan payment and how much of that payment is applied to the principal of the loan and how much is applied to the interest expense on the loan.
Amortization of loans is a perfect example of an annuity where the amount of the loan is treated as the present value and the (annuity) payments are applied to the loan so as to reduce the loan to zero by the end of the payment period.
You will also learn how to jump into an amortization schedule after any number of payments have been made and also how to determine the size of the final payment if it a payment that is not the same size as the regular payments.
You will be provided with a workbook within which to work on the examples. The workbook includes the examples that will be discussed during the video lectures and gives you the space to complete the examples. You can use the completed workbook as your reference.
The course will take you about 2-3 hours to complete although this time will vary among different students.
The University of Sheffield
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About the instructors
- 4.49 Calificación
- 2178 Estudiantes
- 10 Cursos
Helen Dakin
Learning & Development (L&D)
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.
Student feedback
4.7