• Mathematics General
• Year 11

# Financial Mathematics

approx. 12 hrs

5 topics

36 concepts

Master Financial Mathematics to approach your examinations with confidence and get the marks you're looking for.

Available in
NT QLD SA TAS VIC WA

### Overview

Financial Mathematics covers a range of essential skills pertaining to financial concepts as described in the Australian curriculum for General Mathematics.  In Year 11 Financial Mathematics, we help students with concepts including taxation, annuities, investing and managing money. We show students how to select and apply rules and processes to solve a range of practical problems up to a complex level.

### Topics & Concepts We Cover

This learning program is made up of the following 5 topics, broken down into 36 concepts.

• #### Earning and Managing Money 9 concepts

1. Calculate leave loading as 17.5% of normal pay for up to four weeks

2. Calculate earnings for hourly rates of pay, overtime and special allowances

3. Calculate weekly, fortnightly, monthly and yearly earnings

4. Net income

5. Evaluate a prepared budget

6. Preparing a budget (weekly/monthly) including income, expenses and savings

7. Calculate earnings based on piecework

8. Calculate commission including sliding scale

9. Calculate earnings based on royalties

• #### Investing Money 9 concepts

1. Calculating the appreciated value of items such as stamp collections, memorabilia

2. For fixed principals, using tables of values, drawing and describing graphs of (A) against (n)for differing values of (r)

3. Extrapolating from a graph of share performance to suggest possible future movement

4. Using the simple interest formula

5. Effect of inflation on the cost of goods and wages

6. Calculation of dividend paid on a share holding and the dividend yield, excluding franked dividends

7. Calculating future and present value of an investment from prepared tables

8. Model and interpret a simple interest investment

9. Use of formulae to calculate future value, compound interest and present value

• #### Taxation 6 concepts

1. Creating graphs to illustrate and describe different tax rates

2. Calculate tax payable using current tax rates

3. Determine a worker's tax refund or liability

4. Calcuate medicare levy

5. Calculate GST-inclusive prices for goods purchased in Australia

6. Calculate annual taxable income

• #### Credit and Borrowing 3 concepts

1. Use of formulae to calculate principal, interest and repayments for flat-rate loans

2. Use table of loan repayments to calculate values

3. Calculate the cost of using a credit card with and without interest-free periods

• #### Annuities and Loan Repayments 9 concepts

1. Use of formuale to calculate monthly loan repayments

2. Use of tables to calculate the present value of an annuity

3. Use of formulae to calculate the present value of an annuity

4. Use of tables to calculate monthly loan repayments

5. Use of formulae to calculate the future value of an annuity

6. Interpret graphs that compare two or more repayment options for home loans

7. Use of tables to calculate the future value of an annuity

8. Use a Financial Solver to solve perpetuity problems

9. Read and interpret an amortisation table for annuities

### What you'll get

Learning Content

• A customised learning plan to suit your needs, adapting to your pace as you learn, progress and achieve mastery
• All the content required to help you master the syllabus, including theory, worked examples, exam preparation and practice questions

An Expert Tutor

• We match you to a private, expert tutor who is right for your needs and goals
• Our tutors are talented, tested, top ATAR achievers and subject experts
• During each session, your tutor guides you through your learning program, providing real-time, live expert tutoring in Financial Mathematics

Reporting

• Access information at every stage showing what's been mastered, what areas need to be worked on and what's next
• You and your parents receive a comprehensive feedback report after every session
• Every session is recorded and available for you to watch at any time, allowing you to review what was covered

### Ready to start this program?

Simply pick a time that works for you

We'll be in contact to match you with one of our top tutors and book your first session

Starting at

\$49(inc. GST)

per session

Fully flexible

PAYG and bundle plans

Use anytime