Paper 1 · Financial Maths
⏱ Tested in 2 exam questions since 2023
Lesson 5 of 8
Financial Maths 5 – Annuities ( Saving Money)
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- Write regular savings as a geometric series and sum it with Sₙ = a(1−Rⁿ)/(1−R)
- Convert the AER to a per-month rate first, keeping 7–9 decimal places
- Handle beginning-of-month vs end-of-month deposits — they compound differently
- Find the regular deposit P, or use logs to find how many deposits reach a target
Most recent exam questions
- 2025 P1 Q8(a)(i) — deferred
- 2025 P1 Q8(a)(ii) — deferred
- 2023 P1 Q8(d)(i)
- 2023 P1 Q8(d)(ii)
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