Financial Mathematics Basics

Mathematics is a foundational pillar of business and finance. It is necessary to understand how to apply math in different financial situations to have business success. This course will allow you to strengthen your math skills by providing examples of how basic math concepts apply in a variety of financial settings, including calculating interest, business expenses, and employee compensation. Learning Outcomes Apply concepts of percentages to calculate percent change, discounted prices, and sales tax Distinguish between markup percentages and profit margins Calculate interest including simple interest and compound interest Compute the annual percentage yield (APY) and annual percentage rate (APR) in different situations Compute the present value and future value of an investment Calculate interest for installment buying and open-end credit Compute annual depreciation using different methods of depreciation Determine the distribution of overhead Understand how net wages are calculated for employees Evaluate stock investments using different financial ratios