Annuities
Content
• Identify an annuity and solve problems involving financial decisions.
• Use technology to model an annuity as a recurrence relation.
• Investigate the effect of changing a variable on an annuity.
• Use a table of future value interest factors to perform calculations.
• Calculate the future value of an annuity.
• Calculate the contribution amount to achieve a given future value.
• Calculate the present value of an annuity.
• Solve problems involving the use of annuities such as loans and superannuation.
Annuities and Recurrence Relations 1
|