Introduction
Task
Introduction
divide yourself into a group of 4 learners and appoint a group leader
Objectives of the assignment
handling of concepts in the topic of Annuities
collaboration towards a common goal
creative completion of notes based on Annuities
research from different sources enable you to understand a concept
Process
Template for preparation of financial mathematics presentation
1. short background of the relevance for the use of financial mathematics in the real world
2. brief explanation/description of the terms(annuities, present and future value annuities, annuity due, ordinary annuity)
3. formula / basic steps for calculation
4. examples: real-world scenario with questions (which classmates can answer)
5. exercise: real-world scenario with questions (which classmates can answer)
Note: In addition to this, you could include anything interesting that you and your group have found and share with your class.
The following links will have information on interest, simple interest, compound interest, and examples.
https://www.calculatorsoup.com/calculators/financial/future-value-annuity-calculator.php
https://smartasset.com/retirement/present-value-of-annuity
Evaluation
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Item |
Completion period |
Marks
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1. Get to know each other! 2. Determine the way of working for the rest of the task and share work responsibilities. |
Day 1 | |
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1. Everyone works individually through work and sends the relevant group a message containing questions and what they are struggling with 3. Finalise the 2-page notes, examples, and exercises that will be distributed to everyone. 4. Ensure that there is a table at the bottom with a clear indication of each student’s contribution as well as the details of the leader of the group. 5. all the group members should submit their group documents to me |
Day 2 - 3 |
Marks: 25 Document |
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1. These groups get ready to discuss their work in class and address problems. |
Day 4 |
Marks: 15 Presentation
Short explanation
Handling of questions |
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1. Consolidation and discussion of test – extra exercises |
Day 5
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Test |
Day |
Marks: 10 Reflection on a group task |
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Conclusion
CONGRATULATIONS! All of you have just added some new and useful information into your bank of knowledge. Knowing what Annuity is and how it is calculated is greatly important when you want to invest your money or for planning for retirement. Hopefully, this lesson will help you make a better decision in your money matter.
Credits
I would like to thank the Webquest template for making it so easy in creating a WebQuest without great computer knowledge. I would also like to thank the owners of all the links and the great images for letting me and my students access them. Thank you!
https://www.calculatorsoup.com/calculators/financial/future-value-annuity-calculator.php
https://smartasset.com/retirement/present-value-of-annuity