Consumer Mathematics B
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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.
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 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
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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:
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2 Assignments
1 Unit Test
10 pts
10 pts
Consumer Mathematics B Final Exam
25 pts
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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.