LECTURE 13
Here a uniform series of cash flows (wherein a number of equal cash flows occur each period over a span of time) is presented. The manual technique of computing the present or future value of each flow, then summing to find a total is presented and the unwieldiness of this method is seen when the number of periods is large. One method of streamlining the process is shown by using the summing feature of the Casio fx-115es plus. A more elegant method of streamlining the computation of future or present value of a uniform series is then shown via the development of formulas. These formulas are developed using the same process as the manual technique, but using variables and some interesting tricks to make use of the binomial theorem. Examples are shown that utilize the formulas developed in the context of financing a used car.
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This lecture segment was recorded on April 17, 2018. All retainable rights are claimed by Michael Swanbom.
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