Course Overview
Review of basic mathematics applicable to business and industry; mathematics of finance, including retail operations, simple and compound interest, discounts, annuities, financial papers and depreciation methods. Emphasis is on practical applications to business administration.
Prerequisite(s)
- No prerequisites are required for this course.
Credits
4.0
- Retired
- This course has been retired and is no longer offered. Find other Flexible Learning courses that may interest you.
Learning Outcomes
Upon successful completion of the course, the student will be able to:
- Apply concepts of proportion and percent to business areas such as mark-up, discounts, budget allocation.
- Utilize standard functions and graphical techniques to analyze relationships between quantities such as cost, revenue, production volume and profit.
- Appreciate the time value of money.
- Calculate interest, present and future values using simple interest.
- Calculate interest, present and future values using compound interest.
- Analyse interest rates by finding equivalent and effective rates.
- Calculate payments, present and future values for annuities in budgeting and asset evaluation and for mortgages.
- 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 2003
Programs and courses are subject to change without notice. Find out more about BCIT course cancellations.