MATH 125 Business Mathematics

School of Business

MATH 125 Business Mathematics is intended for first year students enrolled in the Business Administration program. It stresses the mathematics required in financial processes. The course starts with a review of basic arithmetic and algebra. With these skills the student will solve several practical business problems. Topics include (but are not limited to) ratio and proportion, merchandising, break-even analysis, simple interest and promissory notes, compound interest and effective rates, equivalent payment streams, simple and general annuities, annuities due and deferred annuities, amortization of loans and payment schedules.

Prerequisites: Math 11 or MATH 56 or MATH 50 or MATH 54 with a minimum grade of 60%

Accessibility Services Notice

Students who would like an academic accommodation and who have a documented disability should contact Accessibility Services, if they have not already done so.

Transfer Agreements

Course to Course transfer – YesBlock Transfer – Nobctransferguide.ca
Course Details
Total number of weeks15
Total Credits
Total Hours60
Typical hours per week breakdown
Lecture4

Learning Outcomes

Upon successful completion of this course, the learner will be able to:

  1. Use appropriate formulas to solve several types of financial problems
  2. Verify solutions using appropriate technology
  3. Solve budget and merchandising problems
  4. Compare interest rates and find equivalent rates
  5. Draw time diagrams for various payment streams
  6. Explain the time value of money (TVM) and find equivalent values
  7. Distinguish among several types of annuities
  8. Choose between a future-value or a present-value application
  9. Create an amortization schedule
  10. Find loan balances and final payment

Teaching and Learning Approach

This is a lecture based course which uses examples to illustrate the material and the problem solving skills needed to succeed. Examples are first presented by the instructor in a series lectures presented on campus. Students then attempt to solve similar problems, independently and with the help of their classmates and instructor.

Learning Resources

Required: Hummelbrunner, S. A., Coombs, S., Halliday, K., & Hassanlou, A. R.. Contemporary Business Mathematics with Canadian Applications (12th ed.). Toronto: Pearson Canada. (eText or print) Texas Instruments BA II Plus Financial Calculator (available online and at the Selkirk College Bookstore) MyLab access (included with the purchase of an e-textbook from the publisher's website) A computer with a microphone and a web camera (a mobile phone is not sufficient) Internet that is capable of streaming video

Detailed Course Content, Topics, and Sequence Covered

1. Course Overview, Chapter 2.1-2.7 2. Chapter 3.1-3.5 3. Chapter 7.1-7.4 4. Chapter 7.5; Chapter 8.1, 8.2 5. Chapters 4.1-4.2, 5.1 6. Chapters 9.1-9.3, 9.5 7. Review 8. Midterm Week: no classes, no new material 9. Chapter 10.1- 10.3 10. Chapter 11.2 - 11.6 11. Chapters 12.1- 12.5, 13.1-13.2 12. Chapter 13.3- 13.5 13. Chapter 14.1; Chapter 14.2, 14.3 14. Review 15. Final Exam Period

Assessment

TitleLearning OutcomesValue
Online Homework through MyLab (weekly)1 through 1010%
Weekly Quizzes1 through 1010%
Midterm Exam1 through 630%
Final Exam1 through 1050%
Total100%

Grading Table

Standard Academic and Career Programs Grading Table

Percentage Letter Grade GPA
90-100 A+ 4.33
85-89 A 4.00
80-84 A- 3.67
76-79 B+ 3.33
72-75 B 3.00
68-71 B- 2.67
64-67 C+ 2.33
60-63 C 2.00
55-59 C- 1.67
50-54 P 1.00
0-49 F 0.00
DNW 0.00

See the Academic Calendar for General Information including how to withdraw from course(s) and other regulations.

Disclaimer

Information contained in this course outline is correct at the time of publication. Content of the course is revised on an ongoing basis to ensure relevance to changing educational, employment and market needs. The instructor will endeavor to provide notice of changes to students as soon as possible. The instructor reserves the right to add or delete material from courses.