Learning Outcomes

Finance Math
The objectives for this week are: (listed after the course outcome(s) in italics they relate to)

Employ critical thinking skills, drawing upon prior knowledge when possible, to analyze and explore new and unfamiliar problems
1) Determine the appropriate financial formula to use given a scenario by recognizing key words and examining frequency of deposits or withdrawals, and whether account is growing or decreasing in value
2) Analyze a home mortgage refinance scenario, forming judgments by combining calculations and opinion

Solve problems using algorithms or formulas
Communicate methods of solutions and solutions to problems for the clarity of the receiver
3) Calculate future and present value for compound interest problems
4) Calculate future value and payments for savings annuities problems
5) Calculate present value and payments for payout annuities problems
6) Calculate present value and payments for loans problems