Gr. 12 Math (4C)‎ > ‎

➯ Unit 4 - Financial Mathematics (Ch. 7&8)

In this unit, students will solve problems involving annuities and mortgages. They will gather and interpret information about annuities and mortgages - an important part of their future. Annuities are used to save and pay for expenses such as a car, a home, education, and retirement. Understanding the mathematics of annuities and mortgages will help students manage money more effectively in order to achieve financial goals.

As usual, this outline is subject to change without notice. Attend class for the most up-to-date version.
 Topic Homework Date GET READY  (Activating Prior Knowledge)        ↳ Simple Interest & Compound Interest  (two videos)        ↳ Compound Interest VideoNote - there is a test for this unit. Read & Do:     Pg. 406 # 1-3    Pg. 407 # 1-3Simple Practice 4.1 (7.1) - The Future Value (FV) of an Annuity(Also known as the Amount) Read:Do: Pg. 415 # 2, 3, 6, 7, 9, 10, 11a, 12ab, 13aTVM Solver OnlineAnother TVM SolverG.Sheets Formula: Mon. Nov. 25th&Tues.Nov.26th 4.2 (7.2) - Present Value (PV) of an Annuity Read:Do:  Pg. 424 # 1c, 4ad, 8-10TVM Solver OnlineG.Sheets Formula:    =PV(r, n, PMT, [FV], [end or begin]) Wed. Nov. 27th 4.3 (7.3) - Regular Payments  (R or PMT)        ↳ Calculating the regular payments of PV or FV        ↳ Requires strong algebra skills (or TVM solver) Read:Do: Pg. 430 # 2a, 4ac, 6-11TVM Solver OnlineG.Sheets Formula:    =PMT(r, n, PV, [FV], [end or begin]) Thurs. Nov. 28th In-Class Assignment on 4.1 - 4.3 Explained in class - must be present! Fri. Nov. 29th Quiz on 4.1 & 4.24.4 (7.4) - Annuities and Spreadsheets        ↳ Copy these spreadsheets:                 Annuities   and      Loans Complete   Q's 2-6      and     Q's 8-10 Read:Using the spreadsheets linked at the left, follow the textbook and complete questions:        2-6: Annuities        8-10: Loans Mon. Dec. 2nd Read: Pg. 444Do: Pg. 445 # 1-5 Tues. Dec. 3rd Mortgages Continued        ↳ Mortgage calculating spreadsheet Read: Pg. 446-450Do: Pg. 445 # 1-5  (yesterday)Do: Pg. 450 # 3ac, 4a, 6, 7ab, 8, 13 Wed. Dec. 4th 4.7 - Monthly Budgets        ↳ Filled-In Note Read: Pg. 493-500Do: Pg. 501 # 1, 5, 9, 10 Mon. Dec. 9th 4.8 - Renting vs. Owning a Home        ↳ Net Income Estimator (Ontario) Read:  Pg. 479-483Do:  Pg. 484 #1-8, 11-12 Tues. Dec. 10th Review of Unit 4 (day 1 - FV & PV)        ↳ ANSWERS to the Day 1 Review Review Do: Pg. 468 # 1-13, 15-18 Wed. Dec. 11th Review of Unit 4 (day 2 - budgets) Practice Test: Pg. 471 # 1-7 Thurs. Dec. 12th ➯  Unit Test!(Open Notebook, TVM Solver online)*** TEST DATE - Mon. Dec. 16th In-Class Mon. Dec. 16th