- Mathematics Standard
- Year 12
Financial Mathematics
approx. 12 hrs
5 topics
34 concepts
Enhance your mathematical skills in Financial Mathematics to approach the HSC examinations with confidence.
approx. 12 hrs
5 topics
34 concepts
Enhance your mathematical skills in Financial Mathematics to approach the HSC examinations with confidence.
This learning program covers the essential components of the Year 12 General Financial Mathematics strand of the NSW Senior Mathematics Syllabus. Students who study this course will learn how individuals earn, manage and invest money and make informed decisions about financial situations. This will also include using a mathematical argument and reasoning to evaluate financial models.
This learning program is made up of the following 5 topics, broken down into 34 concepts.
Calculate leave loading as 17.5% of normal pay for up to four weeks
Calculate earnings for hourly rates of pay, overtime and special allowances
Calculate weekly, fortnightly, monthly and yearly earnings
Net income
Evaluate a prepared budget
Preparing a budget (weekly/monthly) including income, expenses and savings
Calculate earnings based on piecework
Calculate commission including sliding scale
Calculate earnings based on royalties
Calculating the appreciated value of items such as stamp collections, memorabilia
For fixed principals, using tables of values, drawing and describing graphs of (A) against (n)for differing values of (r)
Extrapolating from a graph of share performance to suggest possible future movement
Using the simple interest formula
Effect of inflation on the cost of goods and wages
Calculation of dividend paid on a share holding and the dividend yield, excluding franked dividends
Calculating future and present value of an investment from prepared tables
Model and interpret a simple interest investment
Use of formulae to calculate future value, compound interest and present value
Creating graphs to illustrate and describe different tax rates
Calculate tax payable using current tax rates
Determine a worker's tax refund or liability
Calcuate medicare levy
Calculate GST-inclusive prices for goods purchased in Australia
Calculate annual taxable income
Use of formulae to calculate principal, interest and repayments for flat-rate loans
Use table of loan repayments to calculate values
Calculate the cost of using a credit card with and without interest-free periods
Use of formuale to calculate monthly loan repayments
Use of tables to calculate the present value of an annuity
Use of formulae to calculate the present value of an annuity
Use of tables to calculate monthly loan repayments
Use of formulae to calculate the future value of an annuity
Interpret graphs that compare two or more repayment options for home loans
Use of tables to calculate the future value of an annuity
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