Degrees

MA 101 Mathematics of Finance Course Objectives:

MA 101 students should be able to:

1. Use correct terminology related to the decimal number system, pocket calculators, percentages, purchasing and pricing merchandise, payroll, taxes, insurance, borrowing money, checking accounts, credit, sales, and discounts.
2. Estimate approximate answers to selected business problems.
3. Become proficient using the pocket calculator as a tool for problem solving.
4. Calculate percentage, base and rate, percent of increase and decrease.
5. Calculate cash and trade discounts, chain discounts, and sales tax.
   
6. Determine selling price, cost, markup and markdown.
7. Calculate gross and net pay based on salaried, hourly piecework, or commission bases; compute overtime earnings.
8. Complete an employee’s earnings record and payroll register.
9. Calculate property, state, and federal unemployment and income taxes.
10. Determine premiums for hospitalization, property, auto, and life insurance.
11. Calculate simple interest and maturity value.
12. Identify and complete a check register, prepare a deposit slip, and reconcile a bank statement.
13. Calculate finance charges on charge accounts.
14. Find the mean, weighted mean, median, and mode of a set of data.