The tutor continues exploring annuities.   In my previous post I introduced the idea of an annuity with an example. That example had each payment at month’s-end; hence, it was an ordinary annuity. With an annuity due, the payment is …

Financial math: ordinary annuity versus annuity due Read more »

Financial math awaits many students.  The tutor introduces annuities. From the point of view of a typical consumer, an annuity is the reverse of a loan.  The consumer becomes the lender, while the institution pays them back, often with monthly …

Financial math: annuities, part I Read more »