1. Annuities, methods of savings, investment
8.1 (part 1) notes
Annuities, methods of savings, investment

2. Warm-up

3. Annuities
Annuity: a sequence of equal payments made at equal time periods. An IRA (Individual Retirement Account)is an example of annuity.
Value of an annuity: is the sum of all deposits plus all interest paid.
USE THE COMPOUND INTEREST FORMULA:

4. Compounded Annually

5. With a partner Here’s the formula for achieving a financial goal.
n is the number of times the annuity is compounded.

6. one more…