Mrs. Starbuck
Room 323
Welcome to Financial
Algebra !
Find your assigned seat.
Course Syllabus
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South High Student Handbook
Sign and return syllabus
Class Objectives
Access IC student portal
HW #1 – Due Friday
Group Expectations
• Using your group’s identity, list the
qualities of that ID that will help you
function as a group. What qualities does
your identity have that will help you be
an effective MATH group? An effective
student?
HW and Binder Due Dates
• HW #1 – Financial Essay - Due Friday
– Typed or written in Blue or Black ink
• Binder Check – Tuesday September 2
– Syllabus
– Sections for; HW, CW, TQA, Notes
How to set up your assignment
heading
• All assignments should be completed on college-ruled
notebook paper or graph paper, using pencil or BLUE or
BLACK ink only. POW’s and Projects should be typed, single
spaced, using a 12-font size OR written in blue or black ink on
college-ruled notebook paper.
• When completing any homework, classwork or project
assignment, the following heading information should be on
your paper:
• Your First and Last Name
• Date (August 26, 2014; mo/day/yr)
• Class/Period
• Assignment Title (Page #, Problem #’s)
No Heading = No Grade
The daily Course objective
• The daily learning objective and assignments
should be written in the CLASSWORK section
of your 3-ring binder at the beginning of class
every day.
• You will see the daily objective for your class
on the daily Power Point.
Financial Algebra
• HW: Due Friday August 29
Answer each question in 3-5 complete sentences, typed 12 font or written
in BLUE or BLACK ink:
• 1. What year are you in school? What are you education plans for the
future?
• 2. In what career do you see yourself in 5 years? 10 years? How do you
plan to reach your career goals?
• 3. What are your financial goals for the future? What are your plans to
achieve those goals?
• 4. When it comes to money, do you consider yourself a SAVER or a
SPENDER? Why?
• 5. What do you hope to learn from this Financial Algebra course?
• 6. Honestly describe your study habits. How and when do you STUDY?
Do Homework? Complete projects?
• 7. Have these habits been successful for you? What has worked? What
can you improve?
Class Objective
• Students will review fractions, decimals and
percents and apply those skills to situations
Change each PERCENT to a DECIMAL
• 88%
• 7.25%
• 33.333%
• .125%
• Explain in words how to change a
PERCENT to a DECIMAL
Change each DECIMAL to a PERCENT
• .96
• 3.75
• .04
• .375
• Explain in words how to change a
DECIMAL to a PERCENT
HW#1 – Due Tuesday Sept. 2
Solve the following showing ALL work:
• Stella purchased a new MACBook
computer for school that sold for $1350.
She received a student discount of 15%
off the retail price. The tax for the sale
was 7.6% How much did Stella pay for
her computer all together?
Financial Algebra
• HW DUE: Essay
• CW: Practice w/ Percentages WSHT
• HW: Finish Practice w/ Percentages WSHT
Financial Algebra
• HW Due: HW Sheet #1 Practice with Percents
• Books
• Binder Check TODAY
• Your course binder should have dividers for :
• CLASSWORK, HOMEWORK, NOTES, TESTS-QUIZ-ASSESSMENT
 Page 1 – Course Syllabus
 All Classwork and Objectives to date in CW Section
Financial Algebra
• Binder Check TODAY
• Chapter 1 – Business Organization
– Read Pgs. 1-6 in your textbook
• HW: Pg. 7/ #1-10 – Due FRIDAY
Financial Algebra
• HW: Pg. 7/1-10 Due FRIDAY
• Project STOCK MARKET Due October 8
• Copy the Class Objective in the CW section of
your binder:
Students will explore offerings of the
American Stock Market and analyze data
from a given stock.
Starbuck’s Coffee
• NASDAQ Ticker Symbol –SBUX
• Stock Price 8/22 - $77.35
• http://www.google.com/finance?client=ob&q=
NASDAQ:SBUX
• http://www.investopedia.com/ask/answers/03/
072403.asp
• http://www.bloomberg.com/quote/CMG:US
Financial Algebra
• POP QUIZ
Fill in the missing data in the table:
Fraction
Decimal
%
5/8
.06
37.5%
Financial Algebra
• HW: Pg. 8/ #11-18
• Choosing your Stock Company
– Logo, Mission Statement, Initial Purchase of 100
shares
• Stock Data Tables
Financial Algebra – Per. 5
• WEDNESDAY in LAB:
• Research your project’s company
– Logo, products, pictures
– Mission Statement
• What is the history of the company? Who founded the
company? When?
• What is the products or services of the company
• What is the TICKER SYMBOL for the company
• What is the price of the stock TODAY
• Calculate the cost of buying 100 shares
• Power Point Slides 1-5 due TODAY
• Stock Table
Financial Algebra
• HW: Pg. 8/ #11-18
• Stock Tables – Collection of your stock data
Stock
Ticker
Symbol
Date 1
Date 2
…..
10/7/2014
OPEN
HIGH
LOW
CLOSE
CHANGE
V/%
Financial Algebra
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•
•
•
HW DUE: Pg. 8/ #11-18
Stock Tables – Collection of your stock data
Calculating %change
Microsoft EXCEL Spreadsheet and Graphs
Stock
Ticker
Symbol
Date 1
Date 2
…..
10/7/2014
OPEN
HIGH
LOW
CLOSE
CHANGE
V/%
Financial Algebra
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•
HW DUE: Pg. 14/#1-16
PP Stock Project – All Slides should be Started/Finished
Test Corrections on Quiz #1 Due FRIDAY-9/26
Copy the CLASS OBJECTIVE in the CW Section of your
binder:
Students will create various graphs for stock data and
include graphs in power point presentation.
• Volume Sales – 100’s to 1000’s
• Microsoft EXCEL – Data and Graphs
– Volume
– Line
– Candlestick on Graph Paper
Financial Algebra
Stella has invested $3500 in several investment
options.
She invested 55% of her money in a mutual
fund, 25% in technology stocks and the rest she
invested in gold!
• How much of her $3500 did she invest in
each stock or fund?
Financial Algebra
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HW DUE: Pg. 14/#1-16
Progress Reports – Parent Signature
CW: Pg. 21/#14; Pg. 27/ #2
Copy the CLASS OBJECTIVE in the CW Section of your
binder:
Students will CALCULATE Simple Moving
Averages (SMA) for Stock Market Data and
EXPLAIN the meaning of the statistics.
• PP Stock Project – Due Oct. 6, 7; Presentations Oct. 8
and 10
– All Slides should be started or finished
Financial Algebra
• Means, Medians and Spreadsheets
• Simple Moving Averages
– Complete Q. #3 and 4, Pg. 27 with your partner
Financial Algebra
• Calculating SMA with EXCEL
• Project Slide – Stock Recommendation, Mean
Median Price
Financial Algebra
• Stock Market Project
– Due TODAY
Dana_Starbuck@dpsk12.org
Financial Algebra
• Using your STOCK MARKET PROJECT to answer
the analysis questions.
Financial Algebra - Per. 5
• You need:
– Textbook, Paper, Pencil, Binder
• Copy the Class Objective in the CW Section of
your 3-ring binder
• Graphing Stock Tables - 1.3
• HW: Pg. 20/ #1-8 – Due TODAY
• HW: Pg. 27/ #1-5 Moving Averages
• Pg. 21/ #15, 16 In Class Today
Finding AVERAGES
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HW Due: Pg. 21/ #16
Remember MEANS???
A MEAN is an AVERAGE of a set of numbers:
To calculate MEAN, ADD all the numbers in
the set, the DIVIDE by the number of data
points you have.
Starbuck’s Stock Price ($):
51.80, 52.10, 52, 49.70, 48.65, 49.87, 50.05, 52
HW: Pg. 27/ # 1-9
Financial Algebra – Per. 5
• With your group, complete the 3-day Simple
Moving Average (SMA) and GRAPH for the
Starbuck’s Data
Starbuck’s Stock Price ($):
51.80, 52.10, 52, 49.70, 48.65, 49.87, 50.05, 52
Financial Algebra- Find your NEW
Assigned Seat
• Write an equations in SLOPE/INTERCEPT form
for the table:
x
-3
-2
-1
0
1
2
y
-16
-10
-4
2
8
14
• Write an equations in SLOPE/INTERCEPT AND
POINT/SLOPE forms for the table:
x
-1
1
3
5
7
y
9
12
15
18
21
x
-8
4
y
6
15
x
-2
7
y
15
25
Financial Algebra
• Copy the class objective in the CW Section of your
binder:
Students will CONSTRUCT scatter plots for data
and DRAW a line of best fit and WRITE an equation
in POINT/SLOPE and SLOPE/INTERCEPT forms for
the line.
CW: Pg. 68/ #5
• HW: Pg. 68/ #1-4, 6
FA - POP Quiz
• HW: Pg. 68/ #1-4, 6
• Use the table to find the following:
x
-9
3
1.
2.
3.
4.
5.
y
10
34
Calculate the SLOPE for the table
Write an equation in POINT/SLOPE form
Write an equation in SLOPE/INTERCEPT
Use your equation to find ‘y’ when ‘x’= -4
Use your equation to find ‘x’ when y = 42
Financial Algebra – Per. 5
• Computer Lab- Project Presentations –
WEDNESDAY 10/31
– Stock Information
• Mission Statement
• History
• Rehearsal
– With a partner, go through your ENTIRE presentation. You
should be ready with questions for your partner.
• Professional Dress
• No JEANS
• Collared shirts tucked in, wear a belt
Financial Algebra – Per. 5
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Chapter 1.6 – Stock Transactions
Last Section of Project – Capitol Gain/Loss
In Class: Pg. 38/ #1-5
HW: Pg. 38/ #1-15
Make Up Work/Test Corrections due TODAY
3 p.m.
EXIT
• Stella bought 50 shares of STARZ stock in 2010
for $49.50 per share. She sold it today for $55
per share.
• Did she show CAPITAL GAIN or LOSS?
• How much did Stella Gain/Lose?
Financial Algebra – Period 5
• REBEL ROUND-UP Schedule
• POP Quiz
• Complete the following questions from your
textbook, showing all work:
• Pg. 27/ Q. #4 (should be 7 answers)
• Pg. 38/ Q. #7
• Pg. 39/ Q. # 11
•HERE
Financial Algebra
• ACCUPLACER – On-Line Testing
– Username:
– Password:
Dana_Starbuck
Stella1star
• My Foundations Lab
Financial Algebra – Per. 5
• HW DUE: Pg. 68/ #1-4, 6
• HW: Pg. 69/#8,9
• Write an equation in POINT/SLOPE and
SLOPE/INTERCEPT form for each table
1.
2.
x
-3
-2
-1
0
1
2
3
y
-13
-8
-3
2
7
12
17
x
-3
-1
1
3
5
7
y
-19
-11
-3
5
13
21
Financial Algebra
• HW DUE: Pg. 68/ #1-4, 6
• HW: Pg. 69/#7, 8
• Copy the CLASS OBJECTIVE in the CW Section of your 3-Ring
Binder:
Students will WRITE equations for LINES OF
REGRESSION taken from Scatterplots
• Copy the table on your paper
Stadium Hot Chocolate Sales
Temp.
Fo
750
660
580
520
470
440
390
300
# Cups
Sold
4
13
24
27
39
52
61
84
Use your equation to solve the
following:
• # Hot Chocolate Sales when the temperature
is 200
• #Hot Chocolate Sales when the temperature is
-70
• Temperature when there is 72 hot chocolate
sales
• Temperature when there is 266 hot chocolate
sales
Financial Algebra
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HW: Pg. 69/#7,8 Due MONDAY
JA Stock Market Challenge
MFL
Finish Hot Chocolate Sales
Regression and the Calculator
Financial Algebra
• Copy the CLASS OBJECTIVE in the CW Section
of your binder:
Students calculate equations for the data
and find CORRELATION COEFFICIENTS for
the data using TI Calculators.
CW: Pg. 73/ #3, 7
HW: Pg. 74/#8
Financial Algebra
• The KEY Club is hosting a Mexican Dinner
Fiesta to raise money for Children’s Hospital.
The club will charge $8.50 per person for the
dinner. The COST for the dinner is $3.50 per
person PLUS $275 in supplies (Plates, forks,
napkins, cups, decorations etc…)
Donations to the Hospital
• How much will the club earn in REVENUE people
attend the dinner? What will the COST be for 125
people? How much will the club DONATE to the
hospital if 125 people attend?
• Explain the meaning of your ’BREAK EVEN’ point.
• Write an equation for PROFIT for the club’s fiesta
Dinner.
• How many people will have to attend the dinner for
the club to donate $500 to the hospital? $800?
Financial Algebra
• READ: Pg. 75-77
• DEFINE the following:
•
•
•
•
– Supply
– Demand
– Wholesale vs. Retail
– Equilibrium
CW: Question #8, Pg. 79 with calculators
HW: Pg. 78/#1-7 Due Monday
QUIZ WEDNESDAY
– Lines of Best Fit, Correlation
Financial Algebra
• HW: Pg. 78/#1-7 Due Monday
• TEST Wednesday – Lines of Best Fit, Equations,
Correlation Coefficient, Data on Calculator
• The StellaStar Company makes fashion dog
collars. Costs to make the collars are $3.60 per
collar for materials plus $1850 in fixed costs. The
collars will sell for a price of $12.50 each.
• Write an equation for the REVENUE and
the COST for the dog collars.
HW: Pg. 79/#9 Due WEDNESDAY
StellaStar Continued….
• Find the REVENUE and the COST for 5, 25, 50, 150
and 400 dog collars.
• Find the company’s PROFIT (R – C) for 5, 25, 50, 150
and 400 dog collars.
• Find the company’s BREAK EVEN (R = C) point and
explain what this means.
• Find an equation for the company’s PROFIT
(R – C = P)
• How many collars will the company have to
sell to make a profit of $5000? $10,000?
• HW: Pg. 84/#1-7 Due FRIDAY
• Make Up Work Due MONDAY 12/1
Financial Algebra
• HW DUE: Pg. 79/#9
• HW: Pg. 84/#1-7 Due FRIDAY
• Make Up Work Due MONDAY 12/1
• TEST Today
– LOBF, Correlation Coefficients, Linear Equations
Financial Algebra
• HW DUE: Pg. 84/#1-7
• Make Up Work Due MONDAY 12/1
• CW: Pg. 85/ #8-12
Financial Algebra – Per. 5
• Worksheet: Setting the Best Price
Financial Algebra
• Graphing COST and REVENUE – Pg. 86
• CHECK – Pg. 88, 89
• HW: Pg. 90/ #1-3 DUE Monday
Financial Algebra
• HW: Pg. 90/ #1-3 DUE Monday
• Semester Project – Due at Final Exam – P. 3
Monday Dec. 15, Per. 3; Per. 7, WEDNESDAY
DEC. 17, Per. 2 – NO LATE PROJECTS
ACCEPTED
• Make-Up work due FRIDAY DEC. 12
• CW: Pg. 95/#7-14
Financial Algebra
• Stella’s Candy Company makes gourmet boxed
chocolates. The cost to produce the chocolates is
$3.40 per unit plus $18,500 in fixed cost. The
demand function is given by the function
q = -2500p+62,500.
1. Write the COST equation in terms of ‘p’
2. Find the REVENUE equation (R=q(p))
3. Graph your equations on the calculator and find
the BREAK EVEN points and the MAXIMUM
revenue, EXPLAINING what these points mean.
Financial Algebra – Per. 5
• Due TODAY: Advertising vs. Profit
• Line of Fit
Financial Algebra – Per. 5
• HW Due TODAY: WkSheet ‘Duck’, ‘Ape’s
Grape’
• Make-Up Work, Test Corrections due TODAY,
3 pm.
• IN CLASS (HW): WSHEET ‘Yunsberger’
Financial Algebra – Per. 5
• Due Today: Pg. 74/ #7, 8
• In Class: Line of Best Fit Quiz
• You need:
– Notes, Calculator
Go REBELS!
Financial Algebra
• You need:
– Paper, pencil
Financial Algebra – Per. 5
•
•
•
•
Due Today: Pg. 74/ #8
Check Q. #8. pg. 74 on your calculator
HW: Pg. 84/ #2-7 – Due FRIDAY
Classwork
Financial Algebra – Per. 5
• Due Today: Pg. 74/ #7, 8
• The KEY Club is hosting a Mexican Dinner Fiesta to raise
money for Children’s Hospital. The club will charge
$8.50 per person for the dinner. The COST for the
dinner is $3.50 per person PLUS $275 in supplies
(Plates, forks, napkins, cups, decorations etc…)
HW: Pg. 84/ #2-7
• HW DUE: Pg. 84/ #2-7
• Semester Project/Portfolio – Due FINAL
EXAM DAY – NO LATE PROJECTS ACCEPTED
• Complete q. #9, 10, Pg. 85
Financial Algebra – Per. 5
• Semester Project/Portfolio – Due FINAL EXAM
DAY – Wednesday Dec. 19, 7:45 a.m. NO LATE
PROJECTS ACCEPTED
• Make Up Work Due MONDAY DECEMBER 17, 3
P.M. NO EXCEPTIONS
• Complete Q. #9, 10, Pg. 85
• Binder and Textbook check
• Quiz TOMORROW – Line of Best Fit, Writing and
Evaluating Equations
Financial Algebra - Per. 5
• You need:
• Portfolio Project
• NO LATE PROJECTS ACCEPTED
• Final Exam
PCX – Per. 2, 7
• Due TODAY: Concept Map Project
• Final Exam
= 0%, ‘F’ on Final Exam
and Confiscation of Phone
Financial Algebra – Per. 5
• 2013 Tardy Policy
• Binders / Syllabus / Grading
• Tutoring
– Monday and Tuesday 3-4:30 p.m.
Let’s GO!
• Access Testing tomorrow – Check lists on each
floor
• Copy Class Objective in CW Section of your 3ring binder.
• Notes – Quadratic Functions
• In Class: WSheet “Setting the Right Price”
Take Care of yourself!!
• Flu Tips!
–Use hand sanitizer and Kleenex
–Wash hands often for 30 seconds or more
–Are you Sick? Fever? Stay home and get
well!
Financial Algebra – Per. 5
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•
•
•
Binder and Textbook checks TODAY
Due TODAY: Setting the Best Price
CW: Pg. 90/ #1
HW: Pg. 90/ #2
Financial Algebra – Per. 5
• TODAY:
– Finish WSheet!!! – ‘Setting the Right Price’
– Read: Pgs. 86-89
– Pg. 90/ #2
– HW: Pg. 90/ #3
Financial Algebra
Happy New Year!
• Are you graduating this year?
• Books and Binders-Check WEDNESDAY
Financial Algebra
• Quadratic Functions
• Notes
• CW: For each QUADRATIC FUNCTION, use
your CALCULATOR to estimate/locate the
ROOTS and the VERTEX
f ( x)  x  12 x  45
2
f ( x)  6 x  9 x  60
2
• HW: ‘From Linear to Quadratic’ Due FRIDAY
Financial Algebra
• HW DUE: ‘From Linear to Quadratic’
• Copy the CLASS OBJECTIVE in the CW section of
your binder:
Students will solve QUADDRATIC
EQUATIONS using GRAPHS and ALGEBRAIC
methods.
• How do we use the QUADRATIC FORMULA?
b  b  4ac
x
2a
2
Financial Algebra
• HW DUE: WSHT “Metaphor”
• Solving Quadratics: Jeweler’s Income
Revenue = 50p – p2
Expense = -12.50p + 750
1. Find the Rev. and Exp. when the price is $27.
2. Find the price (p) if the EXP $350. What is
the REV at this price?
3. Find the price (p) if the REV is $616
o In Class: Pg. 95/ #2-6
o QUIZ Friday
Financial Algebra
• CW: Read Pg. 91-92
• Break Even Points:
oR=C
o Profit = 0 or R – C = 0
•
•
•
•
Simplifying NON-Linear Equations
In Class: Pg. 95/ #2-6
HW: Pg. 95/ #7 – 14 Due FRIDAY
Quiz FRIDAY
Financial Algebra
• Quiz TODAY
o HW DUE WEDNESDAY: Pg. 95/ #7-14
• Remember – No School Monday
Financial Algebra – Per. 5
o HW DUE: Pg. 95/ #7-14
o In Class: Pg. 95/ #2-6
o Simplifying and Solving
Quadratics
Financial Algebra
• Copy the CLASS OBJECTIVE in the CW Section of
your binder:
Students will solve for the ROOTS and the
coordinate points of the VERTEX of a
parabola using Algebraic methods.
1. x2 – 13x + 36
2. x2 + 7x – 60
3. -3x2 – 27x – 60
4.
4x2 – 44x + 72
Financial Algebra
• StellaStar company sells packaged organic dog
treats. The company has the following EXPENSE
and REVENUE equations:
E = -100p + 3000 (p = price)
R = -32p2 + 640p
1. Graph and Sketch the equations, labeling the
MAX REVENUE and the BREAK EVEN POINTS
2. Find the BREAK EVEN POINTS algebraically,
showing ALL work
3. Find the MAX REVENUE algebraically
Financial Algebra
• StellaStar Company sells packaged organic dog treats.
The company has the following EXPENSE and
REVENUE equations:
E = -100p + 3000 (p = price)
R = -32p2 + 640p
1. Graph and Sketch the equations, labeling the MAX
REVENUE and the BREAK EVEN POINTS
2. Find the BREAK EVEN POINTS algebraically, showing
ALL work
3. Write a PROFIT equation for the StellaStar Co.
4. Find the MAX Profit for the StellaStar Co.
Financial Algebra
• READ Pg. 97-100
• CW: Pg. 101/ #2-6, 12
• HW: Pg. 101/ 7-11, 13-16 Due FRIDAY
Financial Algebra
• Table Task – Profit Functions
• Using your table’s problem, create a poster showing the
following:
–
–
–
–
–
–
Write the PROFIT function using P = R – C
Accurate graph of REV, EXP and PROFIT functions
LABEL Max REV, Max PROFIT and Break Even points
Calculation of the BREAK EVEN POINTS, showing ALL work
Calculation of the ROOTS of the revenue and profit function
Calculation of the MAX REV and MAX PROFIT, showing ALL
work
– Explanation of meaning of all solutions
HW: Pg. 101/ 7-11, 13-16 Due FRIDAY
Financial Algebra
• TEST Today
– Revenue, Cost, Profit
Financial Algebra
• Progress Reports: Make Up work DUE WEDNESDAY
FEB. 18, 3 pm – NO EXCEPTIONS
• Chapter 3
• Checking, Savings, Debit Accounts, Banking
Services
• CW: Pg. 122/ #16
• HW: Pg. 120/#1-15
Financial Algebra
• HW DUE: Pg. 120/#1-15
• Copy the CLASS OBJECTIVE in the CW Section of your
binder:
Students will COMPARE and CONTRAST LINEAR and
EXPONENTIAL tables, graphs, equations and situations
• Sophie and Stella are saving for a vacation to France. Sophie
has $675 and plans to save $125 each month. Stella has $950
saved and will save 8% of her BALANCE each month.
• Complete the table for both girls:
#Months
Sophie $
Stella $
0
2
5
9
10
12
Sophie and Stella go to FRANCE!
• Graph each table on the SAME graph grid,
accurately scaling and titling your graph.
• If the trip to FRANCE costs $2150, how long will
each girl have to save to pay for the trip?
• Write an equation for both girl’s saving plan.
• HW: Pg. 120/#1-15 Due WEDNESDAY
• MAKE-UP Work – Test Corrections
• DUE WEDNESDAY FEB. 18, 3 pm
• NO EXCEPTIONS
Financial Algebra
• Simple Interest
• Interest = Principle(Rate)(Time (yrs.))
• I = prt
• Fractions to Decimals
• HW: Pg. 135/ #1-5 Due WEDNESDAY
Simple Interest
• COPY the Objective in the CW section of your binder:
Students will CALCULATE and SOLVE Simple
Interest for various situations.
• Find the interest rates as decimals:
1. 3.5%
2. 2.75%
3. .8%
• Pg. 133-134 – Check Your Understanding
• CW: Pg. 135/#6-9
• HW: Pg. 135/ #1-17 Due Monday
• Quiz WEDNESDAY-Account balances, Simple interest
• Jr. Achievement – Per. 3 Friday; Per. 7 Tuesday
I = P(r)(t)
• Solve the equation I = P(r)(t) for ‘r’
• Solve the equation I = P(r)(t) for ‘t’
• Solve the equation I = P(r)(t) for ‘P’
Financial Algebra
• HW DUE: Pg. 135/ #1-5, 10-17
• Copy the CLASS OBJECTIVE in the CW Section of your binder:
Students will EXPLORE situations and CALCULATE INTEREST
and ACCOUNT BALANCES using COMPOUND INTEREST
• Compounding Interest
–
–
–
–
–
–
Annual (Simple)
Semi-Annual
Quarterly
Monthly
Daily
Continuously
• Quiz WEDNESDAY
– Simple Interest, Account balances
• HW: Pg. 141/ #1-7 Due FRIDAY
Calculating with Compound Interest
• APR = Annual Percentage Rate
rate
Annual =
1
rate
Semi-Annual =
2
rate
Quarterly =
4
rate
Monthly =
12
rate
Daily =
365
Find the SEMI-ANNUAL
QUARTERLY, MONTHLY and
DAILY rate for an APR of 4.25%
Compound Interest
• Find the TERM interest rate, given the following
APR - ANNUAL PERCENTAGE RATES
1.
2.
3.
3.5% Quarterly
2.75% Daily
8% Semi-Annual
• Pg. 138-140 – Check Your Understanding
HW: Pg. 141/ #1-7 WEDNESDAY
Financial Algebra
• Sophie has $875 in a savings account with an
APR of 3.25%, compounded QUARTERLY.
• Stella has $875 in a 3-year CD account with
an APR of 3.25%, compounded monthly.
• How much will each girl have in her account
in 3 years?
• HW: Pg. 141/ #1-7
Financial Algebra – Per. 5
• HW DUE: Pg. 141/ #1-7 Due Wednesday
• Copy the Class Objective in the CW Section of
your binder:
• Students will use COMPOUND INTEREST to
calculate account values
• In Class – Pg. 141/ #8, 9, 10
• HW: Pg. 142/ #11-14 Due FRIDAY
Financial Algebra
• HW DUE: Pg. 148/ #1-8 Due
• Copy the Class Objective in the CW Section of your
binder:
Students will use the COMPOUND INTEREST formula
to calculate account values
• Using the COMPOUND INTEREST Formula
r
n
• P(1+ )nt= Account Balance
•
•
•
•
•
NOTES
Annual Percentage YEILD (APY)
Pg. 147/EX. #4, CYU
Pg. 149/ #9-12
HW: Pg. 149/#13-16 Due FRIDAY
Happy St. Patrick’s Day
Financial Algebra – Per. 5 EXIT
Stella invested $2500 in an account that pays
an annual interest rate of 4.375%.
1. Find Stella’s QUARTERLY and MONTHLY interest rate
2. Write an equation for Stella’s investment account for
BOTH situations.
3. Find the value of Stella’s account after 6 MONTHS, 3
YEARS, 10 YEARS and 25 YEARS for BOTH situations..
4. How many years will it take for Stella’s investment to
DOUBLE for BOTH situations?
HW: Pg. 149/#13-16 Due FRIDAY
Compound Interest - Group Problems
• HW: Pg. 149/#13-16 Due FRIDAY
• Copy CLASS OBJECTIVE in CW Section of your
BINDER
Students will calculate account values using
COMPOUND INTEREST equations
• EVERY group member will copy all work in the CW
Section of their binder
• EVERY GROUP will turn in ONE poster for their
problem, with each group member completing
one section
• Posters due at end of period
Every group poster should include:
• Annual interest rate (APR) written as a DECIMAL
• SIMPLE INTEREST Equation
• Calculation of SIMPLE Interest and total investment value for 5
years, 10 years
• Daily, Monthly, Quarterly and Semi-Annual Interest rates, written
as a DECIMAL
• Exponential Equations using Compound Interest values for Daily,
Monthly, Quarterly and Semi-Annual Interest rates
• Calculation of investment value using COMPOUND Interest for 5
years, 10 years using Daily, Monthly, Quarterly and Semi-Annual
Interest rates
• Estimation of time to DOUBLE investment value using Simple,
Daily, Monthly, Quarterly and Semi-Annual Interest rates
• Compare and Contrast SIMPLE vs. COMPOUND Interest
• HW: Pg. 149/#13-16 Due FRIDAY
Financial Algebra
•
•
•
•
•
•
•
HW DUE: Pg. 149/#13-16
APY – Annual Percentage Yield
Continuous Compounding
‘e’ - Euler’s Number
Pg. 154/ #2, 3
HW: Pg. 154/ #5-8 Due TUESDAY
TEST Chapter 3 - WEDNESDAY
Financial Algebra
•
•
•
•
•
•
HW DUE: Pg. 154/ #5-8 Due
Continuous Compounding Interest
Future and Present Value of Investments
SINGLE Deposit vs. PERIODIC Deposit
NOTES
HW: Pg. 159/ #2, 3
Financial Algebra
• Future and Present Value of
Investments
– Pg. 159/ #1-8
– Pg. 165/#2-5
Using your CELL PHONE cost, find the
Periodic Investment value for an account
If you deposited that money each month
For 12 years that pays 4% compounded
monthly!
FINANCIAL Algebra
• Copy the class objective in the CW Section of
your binder:
Students will explore and calculate values
related to CREDIT and COMPOUND INTEREST
CW: Pg. 178/#2-4
HW: Pg. 178/#5-9
Financial Algebra – Per. 5
• HW DUE: Pg. 178/ #5-9
• Copy the CLASS OBJECTIVE in the CW Section of your
3-ring binder:
Students will IDENTIFY and DISCUSS different
credit card applications and information
• Exploring Credit – Group Task
– Look at the Store’s Credit Application with your partner
– Write a list of at least 5 important pieces of information
you need to know about this credit card
– Be sure to read the FINE print!
Now…..
Students will CACLULATE balances on Credit
Cards using card information and compound
interest.
• Using the APR of your store’s credit card, charge
$300 worth of goods/services on the card.
1. Find the DAILY interest rate
2. Find the balance after 6 months if you make NO
payments
3. Find the balance after 6 months if you pay $25 each
month
Financial Algebra
• Monthly Payment Formula – Notes
• Loans and the TI-84 TVM-Solver Pg. 181-185
• HW: Pg. 185/ #1-10 DUE FRIDAY
Buy your DREAM Car!
•
•
•
•
Put 10% Down
APR = 4%
Loan Term 5 years
Formula Pg. 184
Financial Algebra
• HW DUE: Pg. 185/ #1-10
• TVM-Solver
• Taking a Mortgage
–
–
–
–
Home price: $279,000
Interest Rate: 5.15%
Down Payment: 20%
Term of Loan: 30 years
– Find the MONTHLY MORTGAGE PAYMENT amount for the
home loan using the TVM Solver on the calculator
HW: Pg. 191/#2-5, 7-10 DUE WEDNESDAY
QUIZ FRIDAY – Credit Cards and Loans
Financial Algebra
• HW DUE: Pg. 191/#2-5, 7-10
• QUIZ FRIDAY - Credit, Loans, Payments TVM Solver
Copy the CLASS Language OBJECTIVE in the CW Section of your
binder:
–
–
–
–
Students will calculate payment amounts,
interest and balances on loan values.
Stella is purchasing a home for $315,200. She will
put a 20% down payment on the home, and finance
the remainder on a 30 fixed mortgage at 3.825%.
Find her LOAN Amount
Find her LOAN Payment amount
Find the amount of INTEREST she will pay over the
life of the loan
Financial Algebra
• Murphy purchased a television for $525 on his
credit card. The card charges 22% interest,
compounded monthly, with a $35 late fee on
late or non-payments. Murphy didn’t pay his
bill for 6 months. How much did he owe on
the TV after 6 months?
Financial Algebra
• Copy the CLASS OBJECTIVE in the CW
Section of your binder:
Students will EXPLORE and
CALCULATE earned income from
various wages and salaries.
Time to EARN some Cash!
– Job Applications
– Pay, Benefits and Deductions
– Hourly, Salary, Commission pay structures
HW:Pg. 294/#1-14 Due Wednesday
Calculating Pay
•
•
•
•
•
Minimum Wage COLORADO = $8.23
Full time = 40 hours/Week
Overtime Pay = 1.5 time
Holiday Pay = 2.5 time
Calculate the pay for the following:
–
–
–
–
38 hours
40 hours
50 hours; 4 hours HOLIDAY, 6 HOURS OT
63 hours
Financial Algebra
• Hourly vs. Salary vs. Commission
• Calculating monthly salary from annual salary
• Calculation of commission and sliding
commission
Find the pay for the following
situations:
• Stella is a hairdresser and earns 30% of the
price of the HAIRCUTS she does and 50% of
the price of the COLOR SERVICE she does. She
charges $24 for each haircut and $80 for each
color service.
• In April, Stella did 110 haircuts and 42 color
services.
Sliding Commission
• Sophie sells ADS for a local magazine. She
earns 35% for the first $1500 worth of ads she
sells and 55% on any amount over $1500.
• How much did Sophie earn if she sold $2075
worth of ads last month?
Financial Algebra
• HW DUE:Pg. 294/#1-14
• Royalties and Piecework
• CW: Pg. 300/ #9-17; Pg. 307/#14-24
• Quick Write – Explain the difference
between the different pay methods:
– Hourly
– Salary
– Commission / Salary + Commission
– Piecework
Social Security and Medicare
•
•
•
•
Pg. 316-319
Social Security Tax Withholding – 6.2%
Medicare Tax Withholding – 1.45%
Colorado Tax Withholding – 3%
Flo is a waitress at a local restaurant.
She earns $7.50 per hour plus averages
22% of her sales in tips. Last week she worked
28 hours and had sales of $2940.
Calculate her GROSS (before tax) pay
Calculate her NET (after tax) pay
Explain the payment method and then calculate
the total GROSS pay for each of the following:
• A grocery checker earns $14.50 per hour, earning
time and a-half for overtime, over 40 hours. The
checker worked 52 hours last week.
• A real-estate agent earns $1000 per month PLUS
6% commission on all home sales and 4.5%
commission on condos and townhomes. The
agent sold $950,750 in homes and $654,500 in
condos last month.
• A painter earns $650 for each house he paints and
$190 for each apartment he paints. Last month he
painted 9 houses and 12 apartments.
NET Pay
• Find the NET pay for your GROSS pay
calculations using the following:
• Social Security Tax Withholding – 6.2%
• Medicare Tax Withholding – 1.45%
• Colorado Tax Withholding – 3%
Semester Final Review
• Final Exam – Monday May 18, Per. 3
– Comprehensive – Covers all topics semester 2
• Final Project Due at FINAL
– No late projects accepted
Financial Algebra
• Make Up work due TODAY 3pm
• In Class: Chapter 3 - Simple vs. Compound Interest
• Pg.110/ #1-4; Pg. Pg. 111-112/ #1-9 – Due FRIDAY
Financial Algebra – Per. 5
• HW DUE: Pg. 95/ #7-9
• Be ready to present your HW problem at
12:30
• In class: Pg. 96/ #8
• HW: Pg. 96/#9 Due Wednesday
• Quiz WEDNESDAY
Tuesday – ‘Dress to Impress’
Financial Algebra – Per. 5
• HW DUE: Pg. 95/ #7-9 - SOLVING
showing ALL work!
• In class: Pg. 96/ #8
• HW: Pg. 96/#11-14 Due Wednesday
• Quiz WEDNESDAY
Tomorrow – SportsCenter Day
Financial Algebra – Per. 5
• HW Due: Pg. 96/#11-14
• TEST TODAY!
• You need:
– Yellow Page notes, calculator, pencil
Financial Algebra – Per. 5
• Progress Reports
• Pg. 99- Profit
• HW Pg.101/ #1-9
Financial Algebra – Per. 5
•
•
•
•
HW DUE: Pg.101/ #1-9
In Class: Pg. 102/ #10-12
HW: Pg. 102/ #12 c, d Max Profit sSOLVE
Make-Up Work and Test Corrections DUE
FRIDAY
Financial Algebra – Per. 5
• HW: Pg.101/ #1-9; Pg. 102/ #12 c, d Max Profit
SOLVE
• Group Assessment
• Each group member will have all components
and solutions for problem in CW section of 3ring binder
• Each group completes 1 poster
Financial Algebra – Per. 5
• Each INDIVIDUAL CW and each GROUP POSTER
should have the following:
– Calculated PROFIT EQUATION
– TABLE for E, R, and P Equations
– GRAPH of E, R and P Equations
– Break Even points LABELED on graph and CALCULATED
by SOLVING, showing ALL work
– MAX REVENUE Labeled on GRAPH
– MAX PROFIT point LABELED on graph and CALCULATED
by SOLVING, showing ALL work
– Summary paragraph explaining all solutions
Financial Algebra – Per. 5
• Notes – Vertex Form of Quadratic
o y = a(x - h)2 + k
• Finding value of (a)
• Writing equations for R, E and P from graph
and table
• In Class: Pg. 106/ #1-9
Financial Algebra
• Find your NEW ASSIGNED SEAT
• Test Corrections
– Test Corrections Guidelines in TQA section of
binder
– Test Corrections due WEDNESDAY FEBRUARY 20
No Exceptions!
• Pg. 106/ #1-9
Financial Algebra
•
•
•
•
•
HW Due: Pg. 135/ #8
NOTES: Interest and Exponential Growth
Complete Q. #9,10 Pg. 136 with your group
Solving Using: I = PRT, #11, 12, 13
HW: Pg. 136/ #14, 16, 17
Financial Algebra – Per. 5
•
•
•
•
NOTES: Interest and Exponential Growth
Complete Q. #9,10 Pg. 136 with your group
Solving Using: I = PRT, #11, 12, 13
HW: Pg. 136/ #14, 16, 17
Check Understanding….
• Permit Slips – April 17
• Complete the CHECKS FOR UNDERSTANDING
on Pg. 145, 146
• NOTES: Annual Percentage YIELD
• HW: Pg. 148/ #2-11
• Quiz WEDNESDAY
Financial Algebra
• Find your ASSIGNED SEAT
• ALL group members complete the assignment
on your desktop in the CW section of your 3ring binder.
• Complete ONE (1) copy of your task with ALL
group names, due at end of period.
• HW DUE WEDNESDAY: Pg. 148/ #2-11
• Quiz WEDNESDAY
Guest Speakers
• S-T-A-R
–
–
–
–
Sit Up and Listen ATTENTIVELY
Take NOTES
Respond and Ask INTELLIGENT questions
REFLCET on the presentation
• HW Due MONDAY APRIL 8: 3 Paragraph Essay,
Typed 12 Font
– What I Learned From Our Guest Speakers
Loans
• Stella bought a new car for $22,500. She put a
down payment of $3250 on the car and
financed the remaining balance at an APR of
5.75%, compounded monthly.
• How much did Stella finance on her car?
• Write an equation for Stella’s car loan.
• How many months will she have to pay if her
car payment is $300 each month? $400 each
month?
Guest Speaker
Kindra Francis
Wells Fargo Banks
Financial Algebra – Per. 5
• HW DUE: Pg. 185/ #1-10
• Copy Class Objective in CW Section of
your Binder
• Photo Release Permits – Field Trip
• Credit Quiz – Friday
• Group Task
– Each group will turn in ONE paper after
EVERY group member completes ALL work
in CW section of Binder
Group Task
• Your completed Task should have the following:
– APR written in decimal form and calculated MONTHLY
rate
– Equation for credit scenario
– Balance after 6 months making NO payments and
adding indicated late fee and increased APR each month
– Balance after 1 year making on-time payments of 30%
of the balance each month (no late fees apply)
– Estimated monthly payment amount to pay the full
amount in 12 months (1 year)
• TVM Solver
Financial Algebra – Per.
• Credit Quiz – Tuesday
• Field Trip WEDNESDAY
• TIAA-CREF Reflection Essay
– 3 Paragraph (5-7 sentences each) essay describing the days events
at TIAA-CREF DUE FRIDAY
• HW: Pg. 191/ #1-5 due FRIDAY
• Using the TVM Solver
Carl wants to buy a brand new motorcycle and he has selected
one that costs $14,250. Carl will put down $2800 and he has
secured a 5-year loan at the bank for the balance, with an
interest rate of 6.75%.
1. How much will Carl finance with his loan?
2. What will Carl’s monthly payment be?
3. How much interest will Carl pay over the life of the loan?
TVM Solver
• Stella wants to purchase a house. She has
negotiated a price of $185,600 and will put
down 15% of the cost of the house. She has
been approved for a mortgage loan of 30 years,
with an interest rate is 5.25%.
1. How much will Stella finance with her loan?
2. Find Stella’s monthly payment on her
mortgage.
3. Find the total amount of interest Stella will pay
over the life of the loan.
Financial Algebra – Per.5
• QUIZ Today – Credit
• HW: Pg. 191/ #1-5 due FRIDAY
• Field Trip WEDNESDAY: TIAA-CREF
– Dress: Business Casual
• TIAA-CREF Reflection Essay: DUE FRIDAY
• 3 Paragraph (5-7 sentences each) essay
describing the days events at TIAA-CREF
Wages and Compensation
• Minimum Hourly Wage as of January 1, 2013
Hourly Employee: $7.78
Tipped Hourly Employee: $4.76
Overtime Hourly: 1.5 time
Holiday Pay May be as much as DOUBLE or TRIPLE
time
1. Calculate the weekly GROSS (PRE-Tax) pay for FULLTIME work: 40 hours
2. Calculate the weekly GROSS pay for PART-TIME work:
30 hours
3. Calculate the GROSS pay for OVERTIME work: 50
hours
Wage Deductions
• Employees Pay — Social Security tax rate is
6.2% on income under $113,700 through the
end of 2013. and the Medicare tax rate is 1.45%
of all income
• Employers Pay — Social Security tax rate is 6.2%
and the Medicare tax rate is 1.45%
• Self-employed —the Social Security tax rate is
12.4% income under $113,700 through the end
of 2013. The Medicare tax rate is 2.9%
• NET Pay = GROSS Pay - Deductions
Pay Day!
1. Calculate the weekly NET pay for FULL-TIME
work: 40 hours
2. Calculate the weekly NET pay for PART-TIME
work: 30 hours
3. Calculate the NET pay for OVERTIME work:
50 hours
HW: Pg. 300/ #1-20 Due MONDAY
Financial Algebra – Per. 5
• HW DUE: Pg. 300/ #1-20
• Hourly vs. Commission Pay
• HW: Pg. 307/ #1-10
Financial Algebra – Per. 5
• HW: Pg. 307/ #1-10
• QUIZ - Friday
• You need:
•
•
– Graph paper, notebook paper, textbook
Piecewise Functions
– Separate function “pieces” graphed together
Complete the table for the Piecewise Function:
•
•
y = Pay ($)
X = #hours
y = 10.5 x : x < 40
y = 15.75x : 40 < x < 60
Financial Algebra – Per. 5
• HW DUE: Pg. 307/ #1-10
• QUIZ – TODAY – Wages and Pay
Financial Algebra – Per. 5
• Binder Checks – Wednesday
• Graph the PIECEWISE function on GRAPH paper:
y = 3x ; for x < 2
y = x2 – 4 ; for 2 < x < 5
y = 8 ; for x > 5
HW: Pg. 309/ #25
Financial Algebra – Per.
• y < 5x + 4
• y > 9 – 2x
• Linear Programming
– Systems of INEQUALITIES
– Feasible Regions
Financial Algebra – Per.
• Write a SYSTEM OF INEQUALITIES for the situation:
A stage actor’s theatre has a capacity of 225 people.
The theatre sells tickets at 2 prices: REGULAR and
DISCOUNT. The regular ticket cost $12 and the
discount ticket cost $9. The theatre needs to sell at
least $300 worth of tickets in order to have a
performance. They also do NOT want to sell more
than 100 DISCOUNT tickets.
Graphing FEASIBLE Region
• Complete a table for each inequality you
wrote for the situation
• Graph the table on GRAPH paper. Each graph
is a BOUNDARY for the FEASIBLE REGION
• Connect the Lines of each Boundary: Dashed
or Solid
• Shade each inequality, creating the feasible
region
Binder Check
• Revenue, Cost and Profit (Quadratic Eqn.)
• Compounding Interest: Investments and
Credit
• Payroll: Calculating Paychecks, Taxes
• Linear Programming
Financial Algebra – Per. 5
• Worksheet – Linear Programming
• Graphing Feasible Regions
Financial Algebra – Per. 5
Financial Algebra – Final Exam Review Topics
Chapter 2 – Revenue, Cost and Profit
Linear and Quadratic – Maximization - Graphing
Points of Intersection – R = C
Chapter 2 Review – Pg. 110
Chapter 3 and 4 – Investments and Credit
Exponential Growth and Decay
Annual Interest Rates
Quarterly, Monthly, Daily
Late Fees and Penalties – Total Balances
Chapter 3 Review – Pg. 168
Chapter 4 Review – Pg. 211
Chapter 6 – Employment and Paychecks
Salary, Hourly, Commission, Piecework Pay
Taxes and Benefits
GROSS, NET Pay
Chapter 6 Review – Pg. 321
Linear Programming
TAKE HOME TEST – ‘Picturing Pictures’ Due at Final
Study your CW, HW, and especially your NOTES and SEMESTER TESTS AND QUIZZES
Final Exam
• You need:
–‘Picturing Pictures’
• Be sure to have
MAX profit Calculated
–Calculator
–Yellow Page Notes
Financial Algebra
• Measures of Center
• EXCEL Spreadsheets
• Graphs by Hand and on EXCEL
Measures of Center
• Find the MEAN, MEDIAN, MODE and RANGE for the
data set:
{16, 15, 8, 22, 19, 13, 20, 21, 17, 15, 16, 16}
• Draw a FREQUENCY graph for the data set
• Draw a HISTOGRAM for the data set