Students are introduced to mathematics of management, which includes such concepts as simple
interest, discounts, present value, time value of money, compound interest, annuities, sinking
funds, capitalized cost, and bonds and stocks. This course assumes no prior knowledge of the
mathematics of finance, as each of the topics is presented in astep-by-step manner, with examples
- Clearly define the different ways in which interest on money can be calculated.
- Explain the meaning of the following terms: simple interest, compound interest, equivalent
rates of interest, promissory and demand notes, annuities, perpetuities, capitalized cost,
depletion allowances, and stocks and bonds.
- Undertake the necessary computations for problems of interest, annuities and perpetuities,
capitalized cost, depletion allowances, and stocks and bonds.
- Use the results of mathematical calculations to help evaluate various options in reaching
financial decisions, whether personal or business-related.
- Evaluate and select financial arrangements which are best for you as a consumer.
- Unit 1: Simple Interest
- Unit 2: Compound Interest
- Unit 3: Simple Annuities
- Unit 4: General Annuities
- Unit 5: Debt Reduction, Sinking Funds, Capitalization, and Wasting Assets
- Unit 6: Stocks and Bonds
Required text and materials
The following materials are required for this course:
- Hummelbrunner, S. A., Halliday, K., & Hassanlou, A. R. (2020). Contemporary business
mathematics with Canadian applications plus MyLab Mathematics with Pearson etext – Access card
package (12th ed.). Pearson Canada. Type: Textbook, ISBN: 9780135405871
Students will need a calculator with these financial functions: power, reciprocal, natural
Please be aware that due to COVID-19 safety guidelines all in-person exams have been suspended. As such, all final exams are currently being delivered through ProctorU, which has an approximate fee of $35 involved. There will be more information in your course shell, on how to apply, if your course has a final exam.
To successfully complete this course, students must achieve 50% or higher on the overall course
and 50% or higher on the final mandatory examination.
|Assignment 1: Simple Interest
|Assignment 2 : Compound Interest
|Assignment 3: Simple Annuities
|Assignment 4: General Annuities
|Assignment 5: Debt Reduction, Sinking Funds, Capitalization, and Wasting Assets
|Assignment 6: Stocks and Bonds
|Final Exam (mandatory)
Open Learning Faculty Member
An Open Learning Faculty Member is available to assist students. Primary communication is
through the Learning Environment's "Mail" tool or by phone. Students will receive the necessary
contact information at the start of the course.