Annuities : Annuity Due , Finding Future Value

[@ginrue]

This is how online classes should be!

[@darahanraj2304]

After 9years I am giving like to ur comment.... 😊

[@ginrue]

Thanks 🤣🤣

[@darahanraj2304]

@@ginrue 😊

[@darahanraj2304]

@Nehankit Yeragi No

[@darahanraj2304]

@Nehankit Yeragi What about you?

[@stm5135]

Once again you have save the day. I used your tutorials as an undergrad to help me pass my classes and now as a graduate student, I am using your tutorials again. Man, you're amazing and thank you for all the time that you put into making these videos. They are so helpful.

[@gavireddyvramiredy8427]

St M ok

[@wuilsonchacon7392]

this 10min video covered a 2 hour class!!! thanx a lot

[@aviwengcawuzele5737]

So true :)

[@gibsonderick8014]

Aviwe Ngcawuzele aaaaaaaaah you will teach me dear

[@aviwengcawuzele5737]

lol I won't mind dearest :)

[@peterl6095]

Wuilson Chacon PROBABLY WHEY HE HAS OVER COUPLE HUNDRED THOUSAND VIEWS ON THIS VIDEO.

[@KingOfStrapFanboy922]

Theres no way you had a 2 hour class just for future value calcs. Your class definitely covered multiple other things.

[@hajra3593]

Oh God I can't thank people enough for making such great math videos. I HAVE A FINAL IN LIKE?? 5 DAYS AND I WAS PANICKING BUT THANK YOU I'M SO HAPPY RIGHT NOW BLESS YOU MAN!!! Edit: I failed my final

[@hinaayun]

The plot twist 💀💀💀💀💀

[@Innocentmofo]

😆

[@annoyeveryone]

Wow. Such annuity. Very finance. So money. Wow. Much interest

[@messerx10]

haha.. made my night !!

[@cvckw]

oh god 2014 has come back to haunt me

[@gurugobindguchhait3864]

As the name said u annoy me

[@emilydlamini9648]

😂😂

[@Mike1Only1]

I like your notes! I haven't been in college for several years and you make me want to go back, thank you much!

[@mikeallan1925]

thanks man, very helpful! Helped me study for my test on the last minute.

[@jaeybeeinvestments597]

I watched this just 30 minutes before an exam an 20% was this. Felt soo good. Thank you

[@gregl2249]

do u have a video on finding payments and interest rates for an annuity due?

[@23abhirami]

Thanks for uploading these videos! It really helped me understand class lectures better! Love the way you teach!!! Please keep posting! Thanks :)

[@suzyzelaya1]

Wow greatly explained! I loved the way you went step by step, so it was easy to understand. Thank you!

[@jessabellem251]

This is really helpful especially in my up-coming exam. Thanks!

[@bsam4860]

Message me

[@yakke5328]

I'm new to this as well, but from what i recall, this could be the reason. The formula you mentioned is for calculating an annuity's future value where payment is made at the end of a period (ordinary annuity). The formula shown here would be for an annuity due value where payment is made at the beginning of the period (annuity due).

[@JoshSoulMusiq]

You have videos on finance too,...?Are you an actuary ,..cause thats what I’m studying and all your videos aid towards a good grade in all my courses. Thanks Patrick

[@erikamone9346]

From community college to the university, you’ve been my biggest help

[@liguistaforever]

I think the fact that he takes the time to work the problem helps students/people who cannot grasp the whole formula due to a few missing links

[@ravindargowrigari8969]

Very crisp and clear explanation. Cleared most of my doubts about FV

[@KissysAdventures]

Thank you so much. This helped out a lot. Do you have a video in which you explain (also step by step) how to do the Present Value of Annuity Due? Also, FV of OA?

[@dustinjacks7187]

Your the beat man you helped me for all the math classes and now your helping me in finance and security course

[@andyroo2540]

Wow i just searched for this video yesterday and it wasnt there. That's amazing since i have an exam on this in two days. Thank you!!

[@cara_mel7036]

You are way better than my math teacher at university!

[@salmitchitumba8314]

how do you know what to calculate (FV or present value)

[@reecefuller89]

Basically... When you save and put money in to grow it, it is future value where present value is when you take money and when paying it back with intrest, it grows by intrest while you pay it off

[@janicebatida5899]

I've learn a lot... Thanks for discussing about the Annuities...Well appreciated.

[@Mathefusions18]

I always enjoy watching you solve maths problems. Nice one.

[@aviwengcawuzele5737]

Wow! Wow! Wow! I have never been this confident in the annuities :). Thank you for the lecture.

[@lilyafauza1966]

So clear! Thank you for showing me step by step calculation.

[@hawaniang]

Omg! You are definitely my new hero... It was so helpful and easy to understand... God bless you! Gonna nail this final... :)

[@scottconorton7310]

Good video, but it is important to make note of the difference between the nominal and periodic interest rate. "i" is not the nominal interest rate, i = periodic interest rate. Although the example doesn't require this calculation, it's important for more difficult questions to understand the difference between i, the periodic interest rate and j, the nominal interest rate (here, the 5% nominal interest rate ='s the periodic interest rate).

[@TanAyCyics]

I have difficulties understanding general annuity where m>p and p>m....can you help me with that?

[@tompido]

Maybe a stupid question but why do you multiply it at the end by (1+i) is it because it's pre numerando and not post numerando?

[@shawnabb]

Sorry I'm not sure what you mean by pre numerando or post numerando but he multiplied by (1+i) because this is an annuity DUE, if you take out the (1+i) you will be getting an annuity IMMEDIATE. Due means you deposit right away at the beginning of the year/month whereas Immediate means you deposit at the end of the year/month. Hope this helps!! :)

[@joelangula4116]

shawnabb thank you. this help me

[@saadhassan5250]

thank you, helped a lot :)

[@Martina95673]

thanks dude, could you please make a video about Continous annuity? I can't find anything about it anywhere

[@aliencontact64]

Thank you, the step by step approach worked for me.

[@sanketpunjabi6348]

at the end of his retirement ,mr johsan is give a choice between two alternatives i) am annual pension of rs 10000 as a long he lives and ii) a lumpsum amount of 50000 , if mr johsan is expected to live for 15 years and the interst rate is 15% which option appears more attrective ? Sir pls send me solution

[@popedope4842]

What a great vid man! Really helped me a lot

[@adityapatwardhan5792]

Excellent...!!! Thanks a lot brother!! It cleared my doubts.

[@cmxoxoxox]

this really helped, my math teacher can't teach to save his life. thank you

[@patrickjmt]

@ewilliams112 awwww yea! have fun, twice!

[@Rainsong777]

Patrick, follow-up to this video? Link please???

[@sani45]

why did you multiply by (1+i) i have a formula that doesnt include that part to calculate the future value

[@maxpercer7119]

finally someone asks a good question. he is using 'annuity due' , not ordinary annuities.

[@RJ-rc7df]

Sir, can you make videos about deffered annuities , intro on annuities, simple and general as well? Your videos are really easy to understand. Been following you since my college years. Thanks❤️

[@JanGleisner]

The basic math behind it all! Thanks for sharing.

[@aamirbamne3611]

i was amazed to see so many subs for a tutor amazing but actually u worth it sir

[@prospectselite]

Good video! I was uncertain about the future. But after watching this I know what to do. Sharpie it is

[@jackiechio7907]

Thanks for this! I find this really helpful.

[@12poojajadhav36]

Nice it's very helpful for me thank you so much ☺keep it up 🤟

[@Shawn9081]

Awesome video! I took this class around 4 months ago, woulda liked this video then =P. Its ok i still got 78% and im off to university next week. Thanks again, i watched your videos all through highschool!

[@charliezong6450]

it is pitiful that the amount increased may do not offset inflation

[@VideoGamesExtras]

This video confused me cause in class we used a different formula.

[@jamesd9215]

+BlackNinja same bruh. really makes me worry too much if someone's using other formulas. dont know why lol

[@punishergaming8649]

Its annuuity due , you might be confusing it with ordinary annuity..

[@jamesd9215]

probably, ill be doing rounds of reviews when i ever come up with this subject again.

[@punishergaming8649]

+James D wish me luck i have 2 deal with the subject for this semester..😁😁

[@jamesd9215]

H Bucardi good luck buddy :)

[@leomash941]

why did you multiple 1+i

[@golughumakkad5692]

Because when we make the payment at the beginning of period we multiply by (1+i) otherwise we don't

[@alexu5401]

wow man, thanks a lot for the video. Im in my financial mathematics class and couldnt understand anything.

[@diptovoumick596]

When FV is given .. include all data except r(interest rate) ... How do I calculate interest rate can you tell me?

[@Rainsong777]

"manipulate" the formula, using Algebra... Like "solve for x" instead of y...type of thing. In other words... solve for i... then convert to r... i = r/100 THUS: i x 100 = r and thus... r = i x 100 So once you've got i "alone" ... you calculate the value of r from that... x 100 Hope it helps you...

[@AvikBara]

people have been often telling me to only go upto maximum of 4 decimal points and these people are officials that work in finance ministries.

[@Lee-hp3hp]

Fantastic work! Do you have complete business finance course videos? With ratio analysis etc?

[@maz26701]

Hey Patrick, where can I find all your videos on this kind subject, Interest, Annuity, etc.?

[@LLawlietXD]

Sorry, I wanted to ask whether you can do a video explaining the types of questions when you would use the present value and when you would use the future value annuity? It can be confusing to work out what formula a question requires you to use :/ if they don't say explicitly.. Thanks!

[@jamal8jamal]

The ABC Corp. offers to sell you a bond for $613.81. No payments will be made until the bond matures 10 years from now, at which time it will be redeemed for $1,000. What interest rate would you earn if you bought this bond at the offer price? What the solution for this question?

[@VGentertainment]

he patrick I would like to say thank you for making this video by the way I have an entrance exam in college of october 5 and I think this will be part of a math exam but the problem is they dont want us to use calculator can you tell me if there is a trick or shortcut to get the answer without using calculators coz sometimes I do not trust my instinct when I take exam without using calculators

[@alqaafhameem2776]

Is the answer for final sum $968.70? Thank you very much for the video :-)

[@ceefaithfull8534]

Very simple you made life less complicated! can you explain why minus 1 in the formula, I am new to this.

[@B3nefit]

Thanks for the great video. How would I calculate the same thing but include depreciation into the figure. From South Africa average interest rate is 6 - 9% p.a. Depreciation is around 6.25% I know I could just subtract the two and use that except for one variation which would be how often the interest earned is compounded. Thanks man, you rock :)

[@stephanyabelita298]

This is the formula for deferred annuity not for annuity due. Correct me if Im wronGB please?

[@armandoflores938]

I love you

[@garbagelifeoftheboringwife]

I’m trying to figure out: if the $1000 was contributed monthly and compounded semi-annually for 5 years, how much would the principal be? Would the principal be the first $1000 payment or would it be $1000x12x5? When I use the formula in the video (adjusting n to 10) the FV is much less than $1000 times 12 months over 5 years (600 000). Which number do I use in the ROR=I/P formula?

[@soumen8624]

Thanks dude, it was very helpful.

[@victoriaeddy8597]

Thank you a million times!!

[@manklau]

really clear!!! thank you

[@varunruparel5724]

This video was really helpful. Could you please help me on how you derived this formula ??

[@rudrapatnaik9551]

Explained superbly

[@Darthtalonx]

The annuity formula I use is A = P * ( (1+i)^n - 1 / i ). You multiplied by (1+i).. can you explain why you chose to do so?

[@grosebud4721]

Thank you SO MUCH! This helped me TREMENDOUSLY!

[@bmcswain3622]

Thank you. Really helped me here :)

[@lanitamcgriff1919]

Best video tutorial, thanks!

[@enthusia492]

what about monthly? If I plug in 38 years (until I retire) + 12 months, I get 456 monthly payments. Raising 0.03^456 I get a crazy number of 4,595,368,848. What step am I missing if I want to calculate monthly payments vs. annual payments? This is the formula I'm plugging into Excel. =100*(((1+0.03)^456-1)/0.03)*(1+0.03) C = $100 (per month) i = 3% (0.03) the answer I get is $2,451,827,023.28, which is clearly incorrect.

[@faithmasix5845]

What is a different increasing annuity and formula that you using in this video right now?

[@Marmo_LNK]

Patrick, what is the correct input in this formula if there is a starting balance in the account different than the annual deposit? Per say the account starts at 4k originally and the annual deposit are still the 1k.

[@sporttimes3858]

R2'200 invested at a certain rate of interest increased by 110% after 60 months. Compute the Final Amount of the investment at the end of month 60.

[@patrickjmt]

@Mike1Only1 happy to help!

[@adolfborn8412]

hey why your formula is different from others FV formula and the outcome is also different .... I am confused u used extra (1+i) at the end of your formula ..... would u please explain it???

[@blesskofiedziah1781]

Yea, that's true. The extra (1+i) seems odd to me.

[@NVGamingOwl]

I took out the extra (1+i) and it's the exact formula for ordinary annuity where payments are made at the end of each period.

[@dthmate219]

The extra 1+i is because its the annuity due. We dont use the extra 1+i in ordinary annuity

[@dthmate219]

The extra 1+i is because its the annuity due. We dont use the extra 1+i in ordinary annuity

[@xantheharrington]

This is so helpful!

[@GustavYDrunk]

Awesome video! crystal clear..

[@videospaz10]

How do you calculate the present value of an annuity you bought one year ago?

[@joelangula4116]

why do we have to multiple with (1+r)......?

[@TeamDBTB]

+Joel Angula To change an Value Factor from an Ordinary Annuity to an Annuity Due, multiply the Ordinary Annuity factor by (1+r). That's just the way it is.

[@christofchaos]

+Joel Angula Ordinary Annuity is also called an Annuity-Immediate. This video is about Annuity-Due.

[@artrafaranah]

If the payment (R) IS made at the beginning of each year we have to multiply by (1+i) other wise S = (R*(1+i)^n - 1 )/i

[@artrafaranah]

S = ( R*((1+i)^n - 1 )) /i

[@trungkienngo6267]

The formula is derived from the way people calculate the sum of geometric progression. Do it yourself and you will find out.

[@jugglingisgreat]

Why not use the actuarial notation, a double dot angle n?

[@muyfoods]

What can we do if i=0?? by using this formula?

[@jessicasavan2135]

Great video! Thank you!

[@vitosutrisna5296]

Thank you sir, you're awesome

[@Jp-ji1bf]

Great explanation. thank you

[@mrochkoy]

you need to better explain the FV annuity formula cuz people will make many mistakes by blindly applying the formula. Ex. explain why you multiply by last bracket (1+i)^n

[@messerx10]

what about calculate present or future value with different investments eg. 1000 in 1st year 2000 in 2nd year? .. with the same interest rates

[@beahuson5391]

How about if you are looking for the period or time?

[@ewilliams112]

Dude you broke this down sexy I am not only incredibly ready for my math test on Thursday But also for my date on friday!

[@iambrad4163]

How’d it go Eric

[@maimoonagul5063]

Shouldnt n be 19? Because deposit starts from zero period and not 1

[@christineramos4740]

Thank you. helps a lot

[@mashkurahmed6092]

Thank you for your peresentation

[@moonbulschair1047]

You help me a lot lot ty!

[@katetopase4525]

Why are there different formulas on Google? Which one I should follow, really

[@nasimmahmudchowdhury1961]

what would be the answer if the interest rate was zero?

[@AnkushKumar-fr9op]

find the amount of annuity due rs 150 per year payable at half yearly for 15 years at 10% compound interest per annum? Please solve

[@jeffreymcleod5925]

that pays for 1 semester at my college :/

[@asycore]

what if this is the question, 2000 per month for three years at the rate of 15% compounded monthly. how can i solve it?

[@maitarek93]

Really Thank you so much that helped me a lot I'm a college student nd i have a finance exam soon but i can't understand the present value formula of annuity due nd I'm so confused about how to differentiate between ordinary annuity nd the annuity due !! Would you please help me ?!

[@Bboyrj100]

do you have ordinary and deferred annuity tutorial?