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Topic 1: Simple Annuities Theory 1. Dierentiate between ordinary annuity and ordinary perpetuity 2. Derive the formula for present value of ordinary annuity, and use

Topic 1: Simple Annuities Theory 1. Dierentiate between ordinary annuity and ordinary perpetuity 2. Derive the formula for present value of ordinary annuity, and use the result to derive the future value of ordinary annuity. 3. Derive the formula for present value of annuity due, and use the result to derive the future value of annuity due 4. Derive the formula for present value of ordinary perpetuity and present value of perpetuity due. 5. Identify or develop some examples which illustrates the applications of annuities and perpetuity

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