English
Duration
10 Months
Prerequisites
None
Requirements
None
Course Summary
Financial Mathematics introduces the basics of financial algebra, focusing on planning expenses, setting financial goals, and modeling growth due to interest. You’ll learn to evaluate investments in terms of cost, risks, and returns. The course also covers advanced topics such as business profit planning, the use of credit cards and loans, and procedures for filing taxes, including taxes on various investments.
Describe the impact of careers on income, and explain the basics of bank accounts.
Explain how money and other benefits are earned from employment.
Explain the consequences of unexpected expenses, and describe how consumers can protect themselves.
Use and manipulate algebraic expressions that model growth due to interest.
Examine how inflation affects the value of savings, and describe the difference between nominal interest rates and real interest rates.
Compare money with its future value.
Interpret stock market information, data, and models used for investments.
Describe how expenses affect buying, selling, and holding assets.
Examine common mistakes in investing, and describe strategies for making good investments.
Explain how a business is structured to manage costs and to earn revenue.
Determine how a business can balance costs and revenue to maximize its profit.
Use matrices to analyze income and expenses.
Explain why people choose different amounts of insurance coverage.
Discuss credit terms, and compare various credit offers.
Describe consumer use of credit cards, including benefits, consequences, and credit protection laws.
Understand the key features of different types of mortgages and calculate the costs involved in a mortgage.
Discuss how income taxes are imposed and how spending affects income taxes.
Discuss the different methods and forms used for filing taxes.
Compare federal, state, and local tax rates on various investments.