In today’s economy financial math skills are indispensable. This maths course is designed to provide learners with some of the essential skills required for managing personal finances.
The aim of this course is to convey the basic concepts of financial maths; and it is designed for those individuals seeking to better understand the role that maths can play in their everyday economic life. Upon completion of this course, learners will gain the skills necessary for working with commonplace financial maths and the essential mathematical background required to interpret their personal finances.
This course contains a series of 24 videos followed by a short assessment intended to assist the learner in better evaluating their overall comprehension of the material.
- Having completed this course, learners will be able to:
- - Understand the key concepts vital to every learner’s financial success. These include: Profit, Loss, Interest, Principal, Compound Interest, Annual Equivalent Rate (AER), Annual Percentage Rate (APR), Depreciation, Income Tax, Value, Amortisation and Savings.
- - Explain the difference between profit, markup and margin.
- - Calculate Profit with Special Offers.
- - Understand and calculate percentage loss.
- - Calculate simple interest as well as the principal, period and rates associated with simple interest.
- - Calculate percentage changes using multipliers.
- - Determine VAT.
- - Calculate APR and applying compound interest and APR with credit card.
- - Apply the Annual Equivalent Rate (AER).
- - Apply income tax, USC, and PRSI as well as net pay vs. take home pay.
- - Work out value, future and present.
- - Complete an amortization schedule as well as understand savings and amortization.
All Alison courses are free to study. To successfully complete a course you must score 80% or higher in each course assessments. Upon successful completion of a course, you can choose to make your achievement formal by purchasing an official Alison Diploma, Certificate or PDF.
Having an official Alison document is a great way to celebrate and share your success. It is:
- Ideal to include with CVs, job applications and portfolios
- A way to show your ability to learn and achieve high results
Modules List( 2 )
1 Financial Maths
Learn more about financial maths.
- Profit, Markup and Margin
- Calculating Profit with Special Offers
- Percentage Loss 1
- Percentage Loss 2
- Simple Interest - Calculating the Interest
- Simple Interest - Calculating the Rate
- Simple Interest - Calculating the Principal
- Simple Interest - Calculating the Period
- Percentage Changes Using Multipliers
- Reverse Percentages and VAT
- Introducing Compound Interest
- Compound Interest and Annual Equivalent Rate
- Compound Interest APR with Credit Cards
- Calculating APR
- Calculating Monthly Interest from APR - Two Methods
- Income Tax, USC and PRSI
- Net Pay/Take Home Pay
- Present Value - Working Out Future Value
- Present Value - Working Out Present Value
- Present Value - Harder Example
- Present Value and Amortisation Problem
- Completing an Amortisation Schedule
- Savings and Amortisation
END OF COURSE ASSESSMENT
2 Financial Maths Assessment
You must score 80% or more to pass this assessment.
- Financial Maths Assessment