Business Math (Olivier)

Business math is the study of mathematics required by the field of business. Business professionals will work with taxes, gross earnings, product prices, and currency exchange; they will be offered loans, lines of credit, mortgages, leases, savings bonds, and other financial tools. This textbook covers all of these topics and how these financial tools can maximize their earnings and minimize their costs. It also discusses how to execute smart monetary decisions both personally and for their business.

Business math is the study of mathematics required by the field of business. Business professionals will work with taxes, gross earnings, product prices, and currency exchange; they will be offered loans, lines of credit, mortgages, leases, savings bonds, and other financial tools. This textbook covers all of these topics and how these financial tools can maximize their earnings and minimize their costs. It also discusses how to execute smart monetary decisions both personally and for their business.

What Are The Steps Needed To Arrive At The Final Answer? (How It Works) Have you sometimes known what the destination is but you just couldn’t figure out how to get there? Students commonly experience this problem in financial mathematics, particularly when questions become grander in scope. Integrated into the PUPP Model is another core feature of this textbook called “How It Works”. In this section, students can find:

1. Detailed, step-by-step sequential procedures to address common business mathematical problems.
2. Handy reference flowchart guides that summarize the key steps required to arrive at the solutions.
3. Where possible, quick and simple examples to further illustrate the procedure. In every section of the textbook, the “How It Works” is introduced. These steps are then utilized in all guided examples to assist students in taking a problem from beginning to end.

The Repetitiveness Of Annuities I have heard from instructors, professors, textbook reviewers, and students alike the same concerns about the repetitiveness in teaching the four types of annuities. It is no secret that there are only minor differences between the annuity types. Many have expressed that their courses are highly time-constrained. Other textbooks address most or all annuity types separately. Each annuity type is then solved for the five common unknown variables. This can result in up to twenty different lectures.

An overwhelming number of educators have indicated that they find it better to teach the four annuity types up front. Once students understand how to recognize the annuity type and the key differences, students can solve any annuity for any variable!