General Math On-line

 Chapter 7 Business/Personal Finance

 What will I be able to do when I finish this chapter?

Calculate unit prices.

Calculate discounts and markups.

Fill out bills and invoices.

Calculate simple and compound interest.

Evaluate basic investment options.

Create a budget.

Determine the effect of paying cash and buying on time.

Calculate loan payments.

Analyze an amortization schedule.

Evaluate loan payment strategies.

 

Chapter 7 Tips and Hints:

This chapter deals with a subject that is important to everyone. That subject is money. This chapter is similar to chapter 6 in that it focuses more on interpretation of numbers rather than computation. Consequently, you will need to read carefully to understand the concepts not just work out a series of problems.

This chapter deals with financial issues and the mathematics behind them. In some cases, the math can be very difficult and/or time consuming. For this reason, you may want to investigate any financial applications that may already be on your computer. Many spreadsheet programs have a sample amortization file preloaded with the program. The Internet is also a good source for specific financial calculators. You might want to check out the money page of the USA Today site. http://www.usatoday.com/

[ Back to Overview ]