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• ##### Electives
LI.MAT.301613.2.PE
Course Length: 1 Semester
Has Textbook: Yes

Before enrolling in Business Math Part 2, students should have successfully completed Business Math Part 1 or equivalent coursework. This course will cover a variety of real-world concepts, including examples related to retail and finance. The course will also introduce students to mathematical applications in typical business situations and examine how a business functions. Students will develop an understanding of buying, markups, selling prices, markdowns, and inventory. In addition, students will learn about simple interest, compound interest, annuities, and loans, while also gaining knowledge of depreciation, stocks, and bonds. Video tutorials and online math activities will ensure students receive the in-depth instruction necessary to conceptualize these real-world concepts.

Available Sept. 1, 2013

It is recommended that students successfully complete Business Math Part 1 or equivalent course work before enrolling in this course.

Course Objectives

Unit 1: Essential Content and Skills

• Calculate simple interest.
• Compute the maturity value of a note.
• Calculate compound interest.
• Compute interest compounded daily.
• Analyze time deposit accounts and inflation.

Unit 2: Essential Content and Skills

• Analyze retirement accounts.
• Assess sinking funds and stocks.
• Compute mutual funds and bonds.
• Calculate revolving charge accounts and unpaid balances.
• Analyze loan consolidation.

Unit 3: Essential Content and Skills

• Utilize the United States Rule and Rule of 78 to calculate the interest on a loan.
• Calculate monthly payments for personal property.
• Compute property tax and personal income tax amounts.
• Calculate payments for fire, vehicle, and life insurance.
• Compute and analyze depreciation.

Unit 4: Essential Content and Skills

• Compute and analyze depreciation.
• Assess and analyze an income statement.
• Prepare and compare balance sheets.
• Create and analyze frequency distributions and other graphs.
• Calculate mean, median, and mode.

Course Materials

• Business Mathematics (online textbook only)

*Only available as an iText course