MATH 125: Business Mathematics is intended for first year students enrolled in the Business Administration program. It stresses the mathematics required in financial processes. The course starts with a review of basic arithmetic and algebra. With these skills the student will solve several practical business problems. Topics include (but are not limited to) ratio and proportion, merchandising, break-even analysis, simple interest and promissory notes, compound interest and effective rates, equivalent payment streams, simple and general annuities, annuities due and deferred annuities, amortization of loans and payment schedules.
Prerequisites: Math 11 at any level or equivalent with grade of C or better.
Accessibility Services Notice
standard statementCourse Details| Total number of weeks | 15 |
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| Total Credits | |
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| Total Hours | 60 |
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Typical hours per week breakdown| Lecture | 4 |
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Outcomes
Upon successful completion of this course, the learner will be able to:
- use appropriate formulas to solve several types of financial problems;
- find loan balances and finalpayment.
- verify solutions using appropriate technology;
- solve budget and merchandising problems;
- compare interest rates and find equivalent rates;
- draw time diagrams for various payment streams;
- explain the time value of money (TVM) and find equivalent values;
- distinguish among several types of annuities;
- choose between a future-value or a present-value application;
- create an amortization schedule; and
Grading Table
Academic and Career
See the Academic Calendar for General Information including how to withdraw from course(s) and other regulations.
Disclaimer
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