Future Value Questions - Ordinary Simple Annuity (Formula Method)
In this video you will find the derivation of the FV of Ordinary Annuity formula and solution to a basic problem.
#Annuity
0:00 Introduction
0:23 Solving using FV of Compound Interest Formula
3:00 Explanation of Geomagnetic Series
4:12 Generating a Geometric Series Equation
9:20 Using Geometric Equation to Solve Annuity
11:40 Substituting Geometric Series Variables with TVM Variables
13:27 Solving using FV of Annuity Formula