Full course description
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
Credits:
IACET CEUs: 0.6 (Contact Hours: 6 hours)
Estimated time to complete: 6 hours