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    Math1020 100

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    shaifghani
    The purpose of the course is to provide the student with a mathematical basis for personal and business financial decisions. Topics include: simple interest, simple discount, compound interest, annuities and their many applications. A Texas Instrument BAII "Plus" financial calculator is required.

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    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd

    Math1020 100

    Uploaded by

    shaifghani
    260 views4 pages
    The purpose of the course is to provide the student with a mathematical basis for personal and business financial decisions. Topics include: simple interest, simple discount, compound interest, annuities and their many applications. A Texas Instrument BAII "Plus" financial calculator is required.

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    MATH1020_100

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    The purpose of the course is to provide the student with a mathematical basis for personal and business financial decisions. Topics include: simple interest, simple discount, compound interest, annuities and their many applications. A Texas Instrument BAII "Plus" financial calculator is required.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    260 views4 pages

    Math1020 100

    Uploaded by

    shaifghani
    The purpose of the course is to provide the student with a mathematical basis for personal and business financial decisions. Topics include: simple interest, simple discount, compound interest, annuities and their many applications. A Texas Instrument BAII "Plus" financial calculator is required.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

    COURSE OUTLINE 1

    Course Name BUSINESS MATHEMATICS II (2007-2008)


    and Code MATH1020

    Total Hours 45

    Credits 3

    Prerequisite(s) Business Mathematics I (MATH1010)

    Corequisite(s)

    Course Description

    The purpose of the course is to provide the student with a mathematical basis for personal and business financial decisions.
    Topics include: simple interest, simple discount, compound interest, annuities and their many applications including
    amortization, sinking funds, Canadian mortgages and refinancing of loans. A Texas Instrument BAII “Plus” financial
    calculator is required.

    Course Outcomes

    Successful completion of this course will enable the student to:

    1. Solve business problems involving simple interest and promissory note discounting.

    2. Solve business problems involving compound interest.

    3. Solve business problems involving ordinary simple annuities.

    4. Solve business problems involving general annuities especially as related to Canadian mortgages. Solve problems
    involving amortization and sinking funds including the construction of schedules.

    RETAIN THIS DOCUMENT FOR FUTUR E EDUCATIONAL\EMPLOYMENT USE


    COURSE OUTLINE 2

    Course Name BUSINESS MATHEMATICS II (2007-2008)


    and Code MATH1020

    Unit Outcomes Resources/Tests/Assignments

    Successful completion of the following units will enable the student to: Text Business Mathematics in Canada
    5th Ed.
    1.0 Simple Interest
    1.1 Solve for any one of interest, principal, time or rate given the other Chapter 6
    three quantities.
    1.2 Determine the time period using the BA2+ calculator.
    1.3 Solve for maturity value, principal, rate or time given three other
    quantities.
    1.4 Present details of the amount and timing of payments in a time
    diagram.
    1.5 Calculate the equivalent value on any date of a single payment or
    payment stream.
    1.6 Calculate the size of equal loan payments or a final loan payment.

    2.0 Simple Interest Applications Chapter 7


    2.1 Calculate the interest paid on savings accounts and GIC’s.
    2.2 State the Valuation Principle and use it to calculate the fair market
    value of an investment providing specified future cash flows.
    2.3 Calculate the market price and rate of return on commercial paper and
    Treasury Bills.
    2.4 Calculate the proceeds of interest and non-interest bearing promissory Test One
    notes.

    3.0 Compound Interest and Applications Chapter 8


    3.1 Calculate the future value and present value in compound interest
    applications.
    3.2 Calculate the maturity value of compound interest GIC’s.
    3.3 Calculate the price of strip bonds.
    3.4 Calculate the e quivalent payment on any date for one or more
    payments on other dates.
    3.5 Calculate the economic value of a payment stream.

    4.0 Compound Interest Further Topics Chapter 9


    4.1 Calculate the periodic rate of interest.
    4.2 Calculate the number of compounding periods.
    4.3 Calculate effective and equivalent interest rates given a nominal rate
    of interest.
    4.4 Calculate annualized rates of return and growth. Test Two
    COURSE OUTLINE 3

    Course Name BUSINESS MATHEMATICS II (2007-2008)


    and Code MATH1020

    Unit Outcomes Resources/Tests/Assignments

    5.0 Ordinary Annuities: Future Value and Present Value Chapter 10


    5.1 Define and distinguish between ordinary simple annuities and
    ordinary general annuities.
    5.2 Calculate the future value and present value of ordinary annuities.
    5.3 Calculate the present value and length of deferral period for a deferred
    annuity.
    5.4 Calculate the equivalent periodic interest rate for an ordinary general
    annuity.

    6.0 Ordinary Annuities: Payment Size, Term and Interest Rate Chapter 11
    6.1 Calculate the payment size for ordinary and deferred annuities.
    6.2 Calculate the number of payments for ordinary and deferred annuities.
    6.3 Calculate the interest rate for ordinary annuities.

    7.0 Perpetuities Chapter 12


    7.1 Calculate the present value and rate of return to sustain ordinary
    simple or general perpetuities.
    7.2 Calculate the payment in a deferred general perpetuity.
    8.0 Annuities Due Chapter 13
    8.1 Calculate the future value and present value of annuities due.
    8.2 Calculate the payment size, number of payments and interest rate for Test Three
    annuities due.

    9.0 Amortization of Loans Chapter 14


    9.1 Calculate the outstanding principal balance after any payment using
    the retrospective method.
    9.2 Calculate a different final loan payment.
    9.3 Calculate the interest and principal components of any loan payment.
    9.4 Construct a loan’s amortization schedule.
    9.5 Calculate mortgage payments for an original loan amount and a
    renewal amount.
    9.6 Calculate mortgage balances and amortization periods to reflect
    prepayments of principal.

    10.0 Bonds and Sinking Funds Chapter 15


    10.1 Calculate the market price of a bond for any date.
    10.2 Calculate the yield to maturity of a bond on an interest payment date.
    10.3 Calculate a bond price on any date.
    10.4 Construct a complete sinking fund schedule. Test Four
    COURSE OUTLINE 4

    Course Name BUSINESS MATHEMATICS II (2007-2008)


    and Code MATH1020

    Required Student Resources (Including textbooks and workbooks)

    Jerome, F. Ernest. Business Mathematics in Canada (5th Edition). Irwin 2005 (including Lyryx Interactive Pin Code).
    (ISBN 007-098-6509). Day School
    Jerome, F. Ernest. Business Mathematics in Canada (5th Edition). Irwin 2005 (ISBN 007-091-8643). Night School
    Calculator – Texas Instruments BAII+ is required (Pre-programmed financial calculator).

    Optional Resources
    Handouts supplied by the professor
    Instructor’s Solution Manual – On reserve in LRC
    Student Solution Manual – available for purchase in bookstore

    Evaluation

    In order to successfully complete this course, the student is required to meet the following evaluation criteria:
    Achieve a weighted average grade of ≥ 55% based on the following evaluation tools/methods:
    Tests 90%
    Assignments 10%
    100%
    NOTES:
    1. Assignments may be a combination of paper-based and online; Online assignments must be completed by the posted
    closing date.
    2. No formulas will be given on tests or exams
    3. Aids such as formula sheets are not permitted.
    4. BAII Plus is the only calculator permitted on tests or exam. No other calculator will be allowed.
    5. Dictionaries, electronic translators and electronic organizers are not permitted on tests or exams.

    Other
    The instructional mode is through lectures. Due to changing business practices and/or time constraints some topics may be
    covered briefly or altered.
    All tests and examinations must be written on the dates and at the times scheduled. Students who miss these tests or
    examinations will automatically be given zero grades unless they can defend their absences with medical certificates, death
    certificates or court documents. Students are responsible for keeping all returned assignments and tests in the event of
    disputes over recorded marks. A student who misses a class is responsible for obtaining any handouts and information on
    course content, assignments, due dates, test dates, etc.

    Conestoga College is committed to providing academic accommodations for students with documented disabilities. Please
    contact the Disability Services Office.
    A course requirement sheet will be distributed at the beginning of the course and will be referred to in conjunction with this
    course outline.

    Prepared by Brian Tozer, Carol Leppinen, Tracy Worswick, Oded Tal

    School Business Campus Doon

    Date 2007-06-30 Previous Outline Dated 2006-06-30

    BUS\CO\2007\MATH1020(100) © Conestoga ITAL

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