Gr 12 Finance Lesson 1

Deriving and using the future value annuity formula

Engage
Please click on this link to view a video on this topic in finance. If for
some reason, you have a problem connecting to these videos, move on
to the Explore box below.
https://advantagelearn.com/lesson/mcofinhig0801/
https://advantagelearn.com/lesson/mcofinhig0802/

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Please see your Mind Action textbook for notes and worked examples
on this topic:
Page 275 (revision of grade 11 formulae).
Do not do ‘Calculating n’ on pages 275, 276 as we have not yet taught
logarithms (we will do this with you next term back at school).
Pages 277, 278: Go through worked EXAMPLE 3.
Page 287 Worked EXAMPLE 12

Apply
Please complete the worksheet:
https://docs.advantagelearn.com/notes/McoFinHig0801w-Finance-
Future-Value-Annuities-Derivation-of-the-formula.pdf
After completion of the worksheet, you can check your answers:
https://docs.advantagelearn.com/notes/McoFinHig0801a-Finance-
Future-Value-Annuities-Derivation-of-the-formula-Answers.pdf
Now do Mind Action page 279: EXERCISE 2 (a), (c), (e) and (h).
(Full solutions will be posted to Moodle at a later date)

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questions are specific and relevant to the topic. Teachers will not
necessarily communicate with you in real time but will deal with
queries at intervals during the day.

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