Annuities and Perpetuities is a part of the VCE Further Maths topic Recursion and Financial Modelling. An annuity is an investment that involves a regular contribution of money. The amount of money you invest throughout the duration of the investment alongside the interest earned will equal the future value of the annuity. Perpetuities are an annuity that have no end. There are very few of these in the real world.
Watch these videos to learn more!
What are Recursions in Annuities?
The following video explains what an annuity is and how it works.
What are Perpetuities?
This next video introduces perpetuities.
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