Sequences and Series · Discrete Mathematics

Financial Mathematics and Annuities

Using series to calculate the future value of investments and the present value of loans.

Key Questions

  1. 1How does the frequency of compounding interest change the total amount of a debt?
  2. 2Why is an annuity modeled as a geometric series rather than a single exponential calculation?
  3. 3What is the mathematical cost of delaying a retirement investment by five years?

Ontario Curriculum Expectations

ON: Discrete Functions - Grade 11ON: Financial Applications - Grade 11
Grade: Grade 11
Subject: Mathematics
Unit: Sequences and Series
Period: Discrete Mathematics

Suggested Methodologies

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