This course is designed for students to apply math skills to personal and business situations: keeping money records, figuring wage income, commissions, saving and investing money, figuring home and transportation expenses, taxes, sales records, and more. Homework will be assigned on a regular basis. Students completing this course will receive math credit toward graduation.
Content and Syllabus (Attached): Pre-requisite(s): Mathematics I
Adopted curricular materials: Mathematics for Business and Personal Finance, McGraw-Hill Education
Required technology: Graphing or scientific calculator and use of computer office applications
Mathematical concepts applied throughout the course:
- Seeing Structure in Expressions - Write expressions in equivalent forms to solve problems.
- Arithmetic with Polynomials and Rational Expressions - Rewrite rational expressions.
- Creating Equations - Create equations that describe numbers or relationships.
- Reasoning with Equations and Inequalities - Understand solving equations as a process of reasoning and explain the reasoning.
- Interpreting Functions - Interpret functions that arise in applications in terms of a context.
- Building Functions - Build a function that models a relationship between two quantities.
- Linear, Quadratic, and Exponential Models - Construct and compare linear, quadratic, and exponential models and solve problems
Content and Performance Standards:
- Earnings/Payroll - The students will understand the Various ways income is earned. The students will solve related problems using calculators and computers when applicable.
- Banking - the students will understand banking services. The students will examine and analyze checking accounts/paperwork, savings accounts/paperwork and the concept of compound interest.
- Consumer Credit - The students will understand major functions (and vocabulary) of credit, installment buying, amortization schedules, preparing loans, and special credit plans.
- Credit Cards - The students will understand the appropriate ways to use credit cards and how to compute interest rates and payment plans.
- Investment in Stocks and Bonds - The students will understand differences in several types of investments, including stocks, bonds, and mutual funds and how to calculate the cost of each. The students will understand the effects of inflation charted by CPI.
- Federal Income Taxes - The students will understand concepts of our federal income tax system and will use tax forms and tax tables to compute taxes.
- Owning a Car - The students will understand the costs of purchasing and operating an automobile.
- Home Ownership - The students will understand the advantages and disadvantages of buying a home and recognizing the major costs involved in that purchase. The students will compute monthly payments and total finance price. The students will understand financing terms related to home purchase and responsibilities of ensuring the home.
Requested competency code:
In order to determine applicability more details of math concepts taught is needed.