MATH 034

The Mathematics of Money

This course introduces students to the time value of money, including, working with loans and associated interest calculations. It also covers the theme of Common Investment. Students will work with basic investments such as annuities, stocks and bonds, learn about sales and income taxes, and be introduced to retirement planning. Finally, students will learn about business applications and personal financial planning, where they will work with inflation and depreciation, consider consumer implications associated with credit cards, mortgages and leasing, and learn about profit margin and cost-revenue analysis associated with business. The student will be expected to obtain both a conceptual understanding for the financial objectives and the ability to calculate and manipulate formulas and equations associated with the financial objectives.