Lecture 10

1 Outubro 2025, 08:30 • Onofre Simões

4 . LOAN REPAYMENT

4.1 Loan repayment methods

4.1.1 The amortization method of loan repayment

4.1.2 The amortization schedule, the amortization table

4.1.3 Amortization of a loan with level payments (principal + interest)

4.1.4  Amortization with payments of interest only during the term of the loan and full principal at the end of the term

4.1.5  Amortization with level payments of the principal

4.2 Extensions

4 .2.1 Grace period for principal repayments. Deferment period. Variable interest rates

4.2.2 Sinking funds. Makeham's formula

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Lecture 9

29 Setembro 2025, 11:30 • Onofre Simões

3.3   Annuities with non-constant payments in discrete and continuous time

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Lecture 8

24 Setembro 2025, 08:30 • Onofre Simões

3.2 Level payment annuities in discrete and continuous time 

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Lecture 7

22 Setembro 2025, 11:30 • Onofre Simões

3 . VALUATION OF ANNUITIES

3 .1 Annuities: definition and types of annuities

3.2 Level payment annuities in discrete and continuous time 

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Lecture 6

17 Setembro 2025, 08:30 • Onofre Simões

2.6 The force of interest

2.7 Inflation and the "real" rate of interest

Problem solving exercises.

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