Sinking Funds and Sinking Fund Schedules
- Workbook and Video Notes
- Sinking Funds - example 1
- example 2
- example 3
- sinking funds
- summary
What you'll learn
- you will be able to determine the size of the sinking fund deposit
- you will be able to construct a sinking fund schedule and show the details of the first and second deposit
- you will be able to construct the last 2 rows of a sinking fund schedule
- you will be able to jump into the sinking fund schedule for any row
- you will have a complete set of detailed notes when you have finished this course
Description
Sinking Funds are used by businesses when they need to accumulate a large amount of capital for use at some point in the future. This course will introduce you to sinking funds as savings vehicles with the goal of reaching a certain goal at some future point in time. We will also discuss the details behind the construction of sinking fund schedules.
You will receive a workbook style set of notes to accompany the video lessons. The course will probably take you 1 - 2 days to complete depending on how much time you devote to it. You will take this course is you are interested in seeing a real application of annuities in the business world.
The course is structured with a set of lecture notes complete with examples which will be solved with the videotaped lessons. You will also have access to quizzes at the end of each section along with a summary.
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 use of the formulas used with Annuities and how to solve finance problems.
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.
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.
The University of Sheffield
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About the instructors
- 4.49 Calificación
- 2177 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
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