MATH 1950 Business Mathematics

Mathematical techniques for business, including interest, annuities, and break-even analysis.

About this course

MATH 1950 Business Mathematics covers the mathematical techniques you need in business, including interest, annuities, and break-even analysis. You will work through problems that mirror the financial decisions made in accounting, management, and operations. The course assumes no prior university-level math experience, but it moves quickly, so regular practice is essential.

You will learn to calculate simple and compound interest, find the present and future value of annuities, and analyse loan amortization schedules. You will also use break-even models to evaluate business profitability. Most work is done with financial calculators and spreadsheet software.

Who takes this course

This course is required for students in Accounting, Accounting (Part-time), Business Administration, and Business Administration (Part-time). It is also offered to students in Graphic & Interactive Design, Video & Broadcast Production, Network & Cloud Administration, Bachelor of Applied Technology — Building Science, Water & Wastewater Technician, Electrical Engineering Technology, and Electrical Engineering Technology (Part-time).

Credits: 3 · Hours: 45

Prerequisites

None

Learning outcomes

• Calculate simple and compound interest for various financial scenarios.
• Determine the present and future value of ordinary simple and general annuities.
• Analyse loan amortization schedules and compare repayment options.
• Perform break-even analysis to evaluate business profitability and cost structures.
• Apply mathematical formulas to solve practical business and accounting problems.

Evaluation