BUSI 110 - Math of Finance

Credit Hours: 3
Lecture Hours: 3
Laboratory Hours: 0

Prerequisite(s): None

Restriction(s): None

Corequisite(s): None

This course is designed to develop fundamental problem solving skills related to finance and business, and to develop the computational skills required for solutions to mathematical problems arising in business. Emphasis is placed on current finance and business terminology and applications. Subject matter includes retailing, simple and compound interest, investments in stocks and bonds, annuities, and time value of money.

Student Learning Outcomes of the Course:

Identify and calculate basic retail problems; bank statement reconciliation, payroll, markups and markdowns, and trade and cash discounts
Identify and calculate basic time value of money problems: simple interest and simple discount, future and present value, and annuities, loans, and sinking funds
Identify and calculate basic problems relating to property and sales tax, insurance, stocks and bonds, and business statistics.
Apply usage of tables for the calculation of exact days, present and future value