Course Overview
Reviews basic mathematics applicable to business and industry. Topics include consumer and commercial credit, simple and compound interest, financial instruments and discounting, annuities, mortgages, loans, sinking funds, leases, depreciation methods, capitalized costs, cash flow analysis, NPV and IRR. Emphasis is on maximum use of pre-programmed calculator and practical applications from the field of Financial Management.
Prerequisite(s)
- No prerequisites are required for this course.
Credits
4.0
Domestic fees
$698.15 - $698.17 See individual course offerings below for actual costs.
International fees are typically 3.25 times the domestic tuition. Exact cost will be calculated upon completion of registration.
Learning Outcomes
Upon successful completion, the student will be able to:
- Identify the problem (e.g., to choose the most economical equipment).
- Formulate the problem elements into mathematical relationships and models.
- Use appropriate technology to assist in problem solving.
- Manipulate the relationship and models to provide a solution to the problem.
- Approximate the solution.
- Validate the solution.
- Apply concepts of proportion and percent to business areas such as markup, discounts, budget allocation.
- Utilize standard functions and graphical techniques to analyze relationships between quantities such as cost, revenue, production volume and profit.
- Apply the concept of the time value of money.
- Calculate interest, present and future values using simple interest.
- Calculate interest, present and future values using compound interest.
- Analyze interest rates by finding equivalent and effective rates.
- Calculate payments, present and future values for annuities in budgeting and asset evaluation and for mortgages.
- Calculate and compare interest on various forms of debt or investments.
- Create and use amortization tables for various debt instruments.
- Evaluate investment decisions using methods of payback and discounted cash flow such as net present value and internal rate of return.
Effective as of Fall 2005
Related Programs
Business Mathematics (OPMT 1110) is offered as a part of the following programs:
- Indicates programs accepting international students.
- Indicates programs eligible for students to apply for Post-graduation Work Permit (PGWP).
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Course Offerings
Spring/Summer 2026
Below are eight offerings of OPMT 1110 for the Spring/Summer 2026 term.
CRN 50482
Dates
May 26 - Jul 14 Loading
- CRN 50482
- $698.17 Domestic fees
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| May 26 - Jul 14 | Tue, Thu | 18:00 - 21:30 | Burnaby SW01 Rm. 2016 |
Duration
7 weeks
Instructor
Spencer Richardson
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important information
- No class on Thursday , June 18
Confirmation
Required
To proceed with registration and add this course to the cart, please confirm:
Status
If you have any questions about this course, please contact us.
CRN 69401
Dates
Apr 01 - Jun 27 Loading
- CRN 69401
- $698.17 Domestic fees
Class meeting times
Duration
13 weeks
Instructor
Amy Goldlist
Course outline
Important information
- This course is asynchronous and does not require you to meet every week at a specific time, however, there will be specific timelines for assignments and exams. Please note that both the midterm exam and the final exam will be in person on campus. The midterm exam will be on 23 May 2026 at 9:00 am and the Final exam will be on June 27 at 9:00 am It is important you have a stable and consistent internet connection to access course content. Course content, type and quality of assignments, and general standards for this online course are the same as classroom courses. To be successful in this online course, plan to spend 7-10 hours per week on your studies, or more of it’s a condensed course, starting Week 1. Important course information will be sent to your myBCIT account prior to your course start date.
Confirmation
Required
To proceed with registration and add this course to the cart, please confirm:
Status
If you have any questions about this course, please contact us.
CRN 70590
Dates
Apr 13 - Jun 08 Loading
- CRN 70590
- $698.17 Domestic fees
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Apr 13 - Jun 08 | Mon, Wed | 18:00 - 21:00 | Burnaby NE01 Rm. 296 |
Duration
8 weeks
Instructor
Germain Tanoh
Course outline
Important information
- No class on Monday, May 18th
Confirmation
Required
To proceed with registration and add this course to the cart, please confirm:
Status
If you have any questions about this course, please contact us.
CRN 69976
Dates
Apr 21 - Jul 07 Loading
- CRN 69976
- $698.17 Domestic fees
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Apr 21 - Jul 07 | Tue | 18:00 - 22:00 | Burnaby SE12 Rm. 312 |
Duration
12 weeks
Instructor
Israr Rahimi
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Confirmation
Required
To proceed with registration and add this course to the cart, please confirm:
Status
If you have any questions about this course, please contact us.
CRN 56735
Dates
May 05 - Aug 11 Loading
- CRN 56735
- $698.17 Domestic fees
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| May 05 - Aug 11 | Tue | 13:30 - 17:20 | Burnaby SW01 Rm. 2016 |
Duration
15 weeks
Instructor
Daniel Anvari
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important information
- This section is part of the Business Fundamentals (BFUN) Program (www.bcit.ca/study/programs/7985acert). As this is the case, the course will be taught in a way that accommodates the needs of English Language Learners. Please send any inquiries to bfun@bcit.ca.
Confirmation
Required
To proceed with registration and add this course to the cart, please confirm:
Status
If you have any questions about this course, please contact us.
CRN 66094
Dates
May 05 - Jul 21 Loading
- CRN 66094
- $698.17 Domestic fees
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| May 05 - Jul 21 | Tue | 18:00 - 22:00 | Burnaby NE01 Rm. 405 |
Duration
12 weeks
Instructor
William Ng
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important information
- .
Confirmation
Required
To proceed with registration and add this course to the cart, please confirm:
Status
If you have any questions about this course, please contact us.
CRN 21421
Dates
May 26 - Jul 14 Loading
- CRN 21421
- $698.17 Domestic fees
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| May 26 - Jul 14 | Tue, Thu | 09:00 - 12:30 | Burnaby SE12 Rm. 313 |
Duration
7 weeks
Instructor
Spencer Richardson
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important information
- No class on Thursday, June 18
Confirmation
Required
To proceed with registration and add this course to the cart, please confirm:
Status
If you have any questions about this course, please contact us.
CRN 69889
Dates
Jun 01 - Aug 14 Loading
- CRN 69889
- $698.15 Domestic fees
Class meeting times
Duration
11 weeks
Instructor
Sam Choo
Course outline
Important information
- Please note that exams only will be in person at the Burnaby campus as follows: Midterm: Friday, July 10 at 1800 and Final: Thursday, Aug 13 at 1800. This course is asynchronous and does not require you to meet every week at a specific time, however, there will be specific timelines for assignments and exams. It is important you have a stable and consistent internet connection to access course content. Course content, type and quality of assignments, and general standards for this online course are the same as classroom courses. To be successful in this online course, plan to spend 7-10 hours per week on your studies, or more of it’s a condensed course, starting Week 1. Important course information will be sent to your myBCIT account prior to your course start date.
Confirmation
Required
To proceed with registration and add this course to the cart, please confirm:
Status
If you have any questions about this course, please contact us.
Programs and courses are subject to change without notice. Find out more about BCIT course cancellations.