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Mathematics LibreTexts

15.1: Module 6 Overview

  • Page ID
    51665
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    What You’ll Learn To Do: Understand consumer math and perform computations in daily life.

    Learning Objectives

    • Define interest rate
    • Describe the difference between simple and compound interest
    • Calculate simple and compound interest
    • Describe the difference between present and future values
    • Calculate present and future values
    • Calculate annuities and payout annuities
    • Define finance charge
    • Calculate finance charges using the average daily balance method
    • Describe a fixed-rate mortgage
    • Prepare an amortization schedule

    Learning Activities

    Finger hovering over digital icons on a screenThe learning activities for this module include:

    Reading Assignments and Videos

    • Read: Consumer Math
    • Watch: Supplemental Videos
    • Read: Average Daily Balance
    • Read: How an Amortization Schedule is Calculated

    Homework Assignments

    • Submit: Consumer Math Homework #1 (22 points)
    • Submit: Consumer Math Homework #2 (12 points)
    • Discuss: Consumer Math Application (20 points)
    • Discuss: Final Reflection (40 points)
    • Complete: Exam 3
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