Skip to content Skip to navigation

Connexions

You are here: Home » Content » Annuities

Navigation

Lenses

What is a lens?

Definition of a lens

Lenses

A lens is a custom view of the content in the repository. You can think of it as a fancy kind of list that will let you see content through the eyes of organizations and people you trust.

What is in a lens?

Lens makers point to materials (modules and collections), creating a guide that includes their own comments and descriptive tags about the content.

Who can create a lens?

Any individual member, a community, or a respected organization.

What are tags? tag icon

Tags are descriptors added by lens makers to help label content, attaching a vocabulary that is meaningful in the context of the lens.

This content is ...

In these lenses

  • MaggieP display tagshide tags

    This module is included inLens: Maggie Perumal's Lens
    By: Maggie Perumal

    Comments:

    "First publication"

    Click the "MaggieP" link to see all content selected in this lens.

    Click the tag icon tag icon to display tags associated with this content.

Recently Viewed

This feature requires Javascript to be enabled.

Tags

(What is a tag?)

These tags come from the endorsement, affiliation, and other lenses that include this content.
 

Annuities

Module by: Maggie Perumal. E-mail the author

Summary: Calculating annuities for money invested at the beginning of the year

FINANCIAL MATHS

Exercise 1

An amount of R2000 is deposited at the beginning of the year every year. What is the amount at the end of 3 years if interest is paid at the rate of 7,2% p.a , compounded annually?

Solution

SOLUTION:

Fv= x(1+i)1+x(1+i)2+ x(1+i)3 where a = x(1+i)= 2000(1+0,072) r = 1+i = 1,072 and n=3

Fv = A = 2000 ( 1,072 ) ( 1,072 3 − 1 ) 0,072 Fv = A = 2000 ( 1,072 ) ( 1,072 3 − 1 ) 0,072 Fv = A = {2000(1,072)(1,072^3-1)} over {0,072}

= R6906.21

Content actions

Download module as:

PDF | More downloads ...

Add module to:

My Favorites (?)

'My Favorites' is a special kind of lens which you can use to bookmark modules and collections. 'My Favorites' can only be seen by you, and collections saved in 'My Favorites' can remember the last module you were on. You need an account to use 'My Favorites'.

| A lens I own (?)

Definition of a lens

Lenses

A lens is a custom view of the content in the repository. You can think of it as a fancy kind of list that will let you see content through the eyes of organizations and people you trust.

What is in a lens?

Lens makers point to materials (modules and collections), creating a guide that includes their own comments and descriptive tags about the content.

Who can create a lens?

Any individual member, a community, or a respected organization.

What are tags? tag icon

Tags are descriptors added by lens makers to help label content, attaching a vocabulary that is meaningful in the context of the lens.

| External bookmarks