Lesson 8 Homework Practice Financial Literacy Simple Interest Answers: Examples and Exercises

This Business Mathematics courses aim to have students understand basic business problems, interpret them in mathematical terms, and use the tools of mathematics to solve these problems. The objective of this material is to provide mathematical theory, demonstration and practice for first-year Business students. A grade of C+ or better in Algebra 11 (or equivalent) is the prerequisite for this course; students requiring extensive review or remedial work are expected to have completed a preparatory course such as OPMT 0199, which is offered through part-time studies at BCIT. These notes explain the applications of basic mathematics to business and industry using ratios, functions and graphs, simple and compound interest, financial instruments and discounting, annuities, mortgages, loans, and leases. Cash-flow analysis applying rates of return, net present value, and payback is included.

Lesson 8 Homework Practice Financial Literacy Simple Interest Answers

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