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 uptodate 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 # 13 Pg. 407 # 13
Simple Practice


5.1 (7.1)  The Amount (FA or FV) of an Annuity

Read: Pg. 409  414 Do: Pg. 415 # 2, 3, 6, 7, 9, 12ab
TVM Solver Website Annuities Spreadsheet Calculator
G.Sheets Formula: =FV(r, n, PMT, P, [end_or_beginning])  Wed. April 17  5.2 (7.2)  Present Value (PV) of an Annuity
 Read: Pg. 419  422 Do: Pg. 424 # 1c, 4ad, 810
TVM Solver Website
G.Sheets Formula: =PV(r, n, PMT, [FV], [end or begin])
 Tues. April 23  5.3 (7.3)  Regular Payments (R or PMT) ↪ Calculating the regular payments of PV or FV ↪ Requires strong algebra skills (or TVM solver)
 Read: Pg. 426429 Do: Pg. 430 # 2a, 4ac, 611
TVM Solver Website
G.Sheets Formula: =PMT(r, n, PV, [FV], [end or begin])
 Wed. April 24  InClass Assignment on 5.1  5.3  Due end of class Friday April 26^{th}  
5.4 (7.4)  Annuities and Spreadsheets ↪ Inclass: Annuities and Loans using spreadsheets. (Questions 26) (Questions 810)

Read: Pg. 433438 Using the spreadsheets linked at the left, follow the textbook and complete questions 26 and 810 
 7.6 & 7.7  What is a Mortgage?
 Read: Pg. 444 Do: Pg. 445 # 15  Mon. April 29^{th}  Mortgages Continued ↪ Mortgage calculating spreadsheet
 Read: Pg. 446450 Do: Pg. 445 # 15 Do: Pg. 450 # 3ac, 4a, 6, 7ab, 8, 13
 Tues. April 30^{th}  Review of Ch. 7 (day 1)  Review Do: Pg. 468 # 113, 1518
 Wed. May 1^{st}  Review of Ch. 7 (day 2)
 Practice Test: Pg. 471 # 17
 Thurs. May 2^{nd} 
Unit Test *** TEST DATE  MONDAY MAY 6^{th} (Trust me  don't skip it)

InClass  Monday May 6^{th} 
