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  - Using a TVM Solver for Annuities
  - Comparing Annuities
  - More Problems With Annuities
  - Wrap-Up
  - Alternative Format
- Review
- - Check Your Understanding 1
  - Check Your Understanding 2
- Practise
- - Exercises
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Solving Annuity Problems With Technology

Some Financial Questions

If I save $$100$ every month, how much will I have in 30 years?
What house price can I afford, if I can pay $$400$ every other week in mortgage payments?
If I buy a less expensive house, how much does that reduce my mortgage payment?
How much money do I need to be able to retire at age 65?

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Lesson Goals

Use technology such as a TVM solver to calculate the future value, present value, regular payment, number of payments or interest rate of an annuity.
Use technology to compare annuities; in particular, the total amount of interest earned or charged under different conditions.
Solve annuity problems involving multiple calculations.

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Pedro is already thinking about retirement. He is going to start saving now, in order to retire in 27 years. Pedro wants to save enough money so that, once he is retired, he can withdraw $$3000$ per month from his account for up to 40 years. If his money is going to be invested in an account with an annual interest rate of $5\%$ per year, compounded monthly, for the whole time, how much money should he be saving every month from now until he retires?

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Solving Annuity Problems With Technology

Some Financial Questions

Lesson Goals

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