Learning Outcomes

Upon successful completion, the student will be able to:

• Apply concepts of proportion and percent to business areas such as mark-up, discounts, budget allocation.
• Analyze relationships between quantities such as cost, revenue, production volume and profit using standard functions and graphical techniques.
• Apply the time value of money.
• Calculate interest, present and future values using simple and 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.
• Select appropriate mathematical methods to analyze specific business problems.

Effective as of Fall 2014