Financial decisions can impact your future in great and small ways. A seemingly small difference in a financial situation can have long-term effects in either a positive or negative manner. The purpose of this text is to empower students to have confidence in their future financial lives.
Real life scenarios begin every section to emphasize and illustrate the significance of the mathematical concepts discussed in the text. Using the algebraic approach to financial calculations aids in the understanding of why and how each piece of information effects a financial decision. This approach will also illuminate the impact these financial decisions can have on each persons' future. It is our hope that after completing this course, students will have faith and be self-assured that they are making fully educated financial decisions from choosing the correct bank account, making a large purchase, or planning for long term financial security.
After receiving a bachelor's degree in mathematics from Northwestern State University in 2010, Allison Cointot earned her Master of Science degree from the University of Louisiana at Lafayette in 2012. Shortly after graduating, she became a part of the faculty at the University of Louisiana at Lafayette as a Mathematic instructor. In 2016, she was trained and certified as an online instructor. Allison has volunteered her time serving on departmental committees, serving on Faculty Senate, and helping make Literary Rally Day a success at the university.
In 2004, Christy Sue Langley earned her B.S. in mathematics with a minor in statistics from Sam Houston State University, Huntsville, TX. She went on to earn an M.S. in mathematics at University of Louisiana at Lafayette in 2008. She joined the UL Lafayette faculty in 2008 becoming a full-time Instructor in 2013. In 2019 she earned a promotion to Senior Instructor. Her mathematical interests include Mathematical Teacher Education, Inquiry Based Learning, online learning, using technology in the classroom, and the mathematics of origami. She has also become somewhat obsessed with the broad range of mathematics used in games. Christy Sue is an active member of the Mathematical Association of America serving on a national committee as well as being a section officer.
Section 1 Linear Functions
Section 2 Exponential Functions
Section 3 Logaritmic Functions
Section 4 Differentiate Between Functions
Chapter 2: Simple Interest – Isn’t that simply interesting?
Section 1 Simple Interest
Section 2 Maturity Value with Simple Interest
Section 3 Variables: Principal, Rate, and Time for Simple Interest
Chapter 3: Compound Interest – Is your interest growing?
Section 1 Compund Interest
Section 2 Continuously Compounded Interest
Section 3 Variables: Principal, Rate, and Time for Compounded Interest
Chapter 4: Employment – I work hard for the money.
Section 1 Earnings
Section 2 Payroll Taxes
Section 3 Federal Income Tax Return
Chapter 5: Banking – Check it before you wreck it.
Section 1 Personal Banking Accounts
Section 2 Investing
Chapter 6: Buying – Borrowing from Peter to pay Paul.
Section 1 Loans
Section 2 Open-Ended Credit
Chapter 7: Annuities – Breaking it down.
Section 1 Ordinary Annuity
Section 2 Amortization Schedule
Section 3 Annuity Due
Chapter 8: Consumer Taxes – Have you paid your part?
Section 1 Property Tax
Section 2 Sales Tax