Savings Plan Formula
Channel: Sherry McLean
Date: 2023-04-27

Math in Society lesson on calculating annuities -- using regular, repeated deposits to save money in interest-bearing accounts.  Explanation of what all of the variables in the Savings Plan formula represent.  Examples include finding the final value of an account with a known regular deposit schedule and finding the size of regular deposits needed to end up with a desired amount of money at a given time.  Skills include using formulas, and evaluating expressions complex expressions with exponents on a calculator/Desmos.