Calculus 2, Lec 20A, Finite Geometric Series Formula, Present and Future Values of Annuities

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Calculus 2 Course, Lecture 20A: Finite Geometric Series Formula, Present and Future Values of Discrete Annuities (based on continuous compounding). Sorry the video is so wobbly.

(0:00) Advising day next Wednesday.
(0:25) Discussion about differential equations and multivariable calculus.
(3:06) Summary of lecture and mention extra actuarial problems.
(4:08) Highest paying college majors and highest rated jobs (actuarial science is among them).
(6:12) What do actuaries do?
(7:38) Review formula for a finite geometric series.
(11:32) Present value of a level annuity (with first payment at time zero).
(18:54) Numerical example of a level annuity on Mathematica.
(22:47) Future value of a level annuity (with first payment at time zero).
  1. Bill Kinney
  2. geometric series
  3. partial sum
  4. leading term
  5. first term
  6. common ratio
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