Gr. 12 Math (4C)‎ > ‎

➯ Unit 4 - Financial Mathematics (Ch. 7&8)

In this unit, students will solve problems involving annuities and mortgages. They will gather and interpret information about annuities and mortgages - an important part of their future. Annuities are used to save and pay for expenses such as a car, a home, education, and retirement. Understanding the mathematics of annuities and mortgages will help students manage money more effectively in order to achieve financial goals.

 As usual, this outline is subject to change without notice. Attend class for the most up-to-date version. 
Topic Homework Date
GET READY  (Activating Prior Knowledge)
         Simple Interest & Compound Interest  (two videos)
         Compound Interest Video


Note - there is a test for this unit.
Read & Do:
    Pg. 406 # 1-3
    Pg. 407 # 1-3

Simple Practice


4.1 (7.1) - The Future Value (FV) of an Annuity

F of V equals R times open bracket open paren 1 plus i close paren to the nth power minus 1 close bracket over i⁣

(Also known as the Amount)
Read: Pg. 409 - 414
Do: Pg. 415 # 2, 3, 6, 7, 9, 10, 11a, 12ab, 13a

TVM Solver Online
Another TVM Solver

Annuities Spreadsheet Calculator


G.Sheets Formula:
    =FV(r, n, PMT, P, [end_or_beginning])

Mon. Nov. 25th

&

Tues.
Nov.
26th
4.2 (7.2) - Present Value (PV) of an Annuity

P V equals R times open bracket 1 minus open paren 1 plus i close paren raised to the negative n power close bracket over i⁣
Read: Pg. 419 - 422
Do:  Pg. 424 # 1c, 4ad, 8-10

TVM Solver Online

G.Sheets Formula:
    =PV(r, n, PMT, [FV], [end or begin])

Wed. Nov. 27th
4.3 (7.3) - Regular Payments  (R or PMT)
         Calculating the regular payments of PV or FV
         Requires strong algebra skills (or TVM solver)


Read: Pg. 426-429
Do: Pg. 430 # 2a, 4ac, 6-11

TVM Solver Online

G.Sheets Formula:
    =PMT(r, n, PV, [FV], [end or begin])

Thurs. Nov. 28th
 In-Class Assignment on 4.1 - 4.3

Explained in class - must be present!Fri. Nov. 29th 
 Quiz on 4.1 & 4.2

4.4 (7.4) - Annuities and Spreadsheets
         Copy these spreadsheets:
                 Annuities   and      Loans 
Complete   Q's 2-6      and     Q's 8-10

Read: Pg. 433-438
Using the spreadsheets linked at the left, follow the textbook and complete questions:
        2-6: Annuities
        8-10: Loans
Mon. Dec. 2nd
4.5 (7.6 & 7.7) - What is a Mortgage?

Read: Pg. 444
Do: Pg. 445 # 1-5
Tues. Dec. 3rd
Mortgages Continued
         Mortgage calculating spreadsheet

Read: Pg. 446-450
Do: Pg. 445 # 1-5  (yesterday)
Do: Pg. 450 # 3ac, 4a, 6, 7ab, 8, 13

Wed. Dec. 4th
4.7 - Monthly Budgets
       
 Filled-In Note
Read: Pg. 493-500
Do: Pg. 501 # 1, 5, 9, 10
 Mon. Dec. 9th
4.8 - Renting vs. Owning a Home

        
↳ Net Income Estimator (Ontario)

Read:  Pg. 479-483
Do:  Pg. 484 #1-8, 11-12
 Tues. Dec. 10th
Review of Unit 4 (day 1 - FV & PV)
        
 ANSWERS to the Day 1 Review
Review Do: Pg. 468 # 1-13, 15-18

Wed. Dec. 11th
Review of Unit 4 (day 2 - budgets)
Practice Test: Pg. 471 # 1-7

Thurs. Dec. 12th
   Unit Test!
(Open Notebook, TVM Solver online)
*** TEST DATE - Mon. Dec. 16th

In-ClassMon. Dec. 16th