College Mathematics/Financial Mathematics

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Financial Mathematics

Objectives and Skills[edit]

Objectives and skills for the financial mathematics portion of CLEP College Mathematics include:[1]

  • Percents, percent change, markups, discounts, taxes, profit, and loss
  • Interest: simple, compound, continuous interest, effective interest rate, effective annual yield or annual percentage rate (APR)
  • Present value and future value
  • Applications

Readings[edit]

  1. Wikipedia: Percentage
  2. Wikipedia: Interest

Multimedia[edit]

Activities[edit]

  1. Review the following MathsIsFun resources and complete the questions at the bottom of each page:
    • Percents
    1. Percentages
    2. Percentage Difference
    3. Percentage Calculator
    • Interest
    1. Interest (An Introduction)
    2. Compound Interest
    • Present value
    1. Present Value
    2. Net Present Value

Assessments[edit]

See Also[edit]

References[edit]