Consumer Mathematics B www.AdvancedAcademics.com Course Description Consumer Math (Mathematics of Finance) B is an extension of Consumer Math (Mathematics of Finance) A and continues the focus on basic math skills used in everyday life with the goal of developing intelligent consumers. The practical applications of math are studied using real-world situations. The course emphasizes personal finances through the study of personal earnings and the elements of business, credit, and life insurance. Prerequisites: Algebra I, Geometry, Consumer Math (Mathematics of Finance) A. Course Objectives When you finish this course, you will be able to: Define the relationships between dollars, time, hourly and salary wages, and commission and for both hourly and salary wages. Calculate before gross salary, tax and after tax deductions and net paycheck amount post-deductions. Calculate interest earnings, and checking account charges. Write and record checks and calculate checking balances and identify errors when necessary. Explain the importance of saving and compare different types of saving. Calculate simple interest for loans and savings. Calculate simple and compound interest in various situations. Discuss the importance of goal planning and describe various methods of reaching those goals. Define the relationship between compound interest and exponential growth. Calculate cost, revenue, and profit using the cost function, revenue function, and profit function. Solve for profit using graphic and algebraic methods. Review linear equations and define slope. Explain the components of competition, profit, and loss. Solve for profit using graphic and algebraic methods. Determine the exact break-even point using various methods. Discuss the advantages and disadvantages of loans compared with paying cash. Calculate total interest, loan monthly payments, amount of loan reduction and loan balance. Create an amortization schedule for a loan. Describe how credit cards work and how they are used. Calculate interest, interest charges, credit card balances, length of time to pay off of a credit card. Understand minimum monthly payments and penalties. ©2011 Connections Education LLC. All rights reserved. Compare various types of credit rates and interests. Suggest ways to use a budget to correct credit card abuse. Course Assignment Values Assignment Type Points Possible Weight 14 Assignments 70 pts 38% 7 Unit Tests 70 pts 38% 1 Midterm Exam 1 Final Exam 18 pts 25 pts 9% 15% 183 pts 100% COURSE TOTALS Suggested Course Schedule The suggested time frame shown below is based on learning sessions. A learning session is a 45-minute period of time. This course should take approximately 90 learning sessions to complete, but this schedule is just a suggestion. You may work on each unit at your own pace, completing as many learning sessions as you’d like in one sitting. However, keep in mind that you must finish the entire course within the time specified by your school district. Learning Session 1-15 Content Covered Unit 1: Investments This unit will explore ways to plan for your retirement. Stocks, bonds, and mutual funds are an important part of everyone’s investment portfolio. You will discover how to be a savvy investor. In this unit, there will be: 1 Assignment 5 pts 1 Unit Test 10 pts 16-30 Unit 2: Investments and the Economy Bears and Bulls. What do these animals have to do with the Stock Market? This unit will help you discover how individual investments affect the country. In this unit, there will be: 2 Assignments 10 pts 1 Unit Test 10 pts ©2011 Connections Education LLC. All rights reserved. 31-45 Unit 3: Taxes This unit will explore the purpose and reason we have taxes and how to anticipate gross pay. Information on the various tax forms will be explained as well. In this unit, there will be: 2 Assignments 10 pts 1 Unit Test 10 pts 46-55 Consumer Mathematics B Midterm Exam 18 pts Unit 4: Motor Vehicles If life is a highway, you will need a car to travel it. This unit will help students understand the preparation, care, and costs of a car and driver. In this unit, there will be: 2 Assignments 10 pts 1 Unit Test 10 pts Unit 5: Preparing For The Worst, Enjoying the Best Insurance is vitally important. This unit will discuss various types of insurance, and explain terms such as; deductibles, options, and rates In this unit, there will be: 3 Assignments 15 pts 1 Unit Test 10 pts Unit 6: Buying A Home This unit will list advantages and disadvantages to owning a home and steps one can take to become a homeowner In this unit, there will be: 2 Assignments 10 pts 1 Unit Test 10 pts Unit 7: Maintaining and Insuring a Home Well, you have a home, now what? In this unit, you will calculate longterm budget amounts for a hypothetical home maintenance plan and other expenses associated with maintain your home? In this unit, there will be: ©2011 Connections Education LLC. All rights reserved. 2 Assignments 1 Unit Test 10 pts 10 pts Consumer Mathematics B Final Exam 25 pts Privacy Policy No member of the Advanced Academics staff may release student information without the written permission of the student’s parent or legal guardian. Advanced Academics will not publish students’ names, images and/or class work in print, video/film, or on our public website without written student and guardian consent. Disability Statement If you have a disability or condition that may affect your ability to succeed in this course, it is important that you contact your teacher to make accommodations so that you will have every opportunity to perform well. Your teacher and virtual school program coordinators are committed to helping students with disabilities succeed, and every request will be treated with respect and confidentiality. ©2011 Connections Education LLC. All rights reserved.