7. General Annuities

Master the intricacies of general annuities with this comprehensive course! Learn to solve a wide variety of annuity problems where payments don't align with interest periods. Discover how to simplify complex calculations by determining an equivalent interest rate, which is then compounded at the frequency of your payments.

This course explores real-world applications of general annuities, including:

• Car lease programs: Understand the financial implications of bi-weekly or weekly payments.
• Mortgages: Analyze scenarios with monthly payments and interest rates compounded semi-annually.

You'll gain practical skills and confidence in handling these types of financial instruments. Download a complete set of course notes to complement the video lectures and examples, making learning more effective.

The course is designed to be completed in approximately 3-4 days, though individual progress may vary. This is an essential course for students in business programs and those studying mathematics of finance. A solid foundation in ordinary simple annuities is recommended prior to enrolling. Develop a deeper understanding of annuity calculations and improve your financial modeling abilities.