Mrs. Starbuck Room 323 Welcome to Financial Algebra ! Find your assigned seat.

transcript

Mrs. StarbuckRoom 323

Welcome to Financial Algebra !

Find your assigned seat.

Course Syllabus

• South High Student Handbook• Sign and return syllabus• Class Objectives • Access IC student portal• HW #1 – Due Friday

Group Expectations

• Using your group’s identity, list the qualities of that ID that will help you function as a group. What qualities does your identity have that will help you be an effective MATH group? An effective student?

HW and Binder Due Dates

• HW #1 – Financial Essay - Due Friday– Typed or written in Blue or Black ink

• Binder Check – Tuesday September 2– Syllabus– Sections for; HW, CW, TQA, Notes

How to set up your assignment heading

• All assignments should be completed on college-ruled notebook paper or graph paper, using pencil or BLUE or BLACK ink only. POW’s and Projects should be typed, single spaced, using a 12-font size OR written in blue or black ink on college-ruled notebook paper.

• When completing any homework, classwork or project assignment, the following heading information should be on your paper:

• Your First and Last Name• Date (August 26, 2014; mo/day/yr)

• Class/Period• Assignment Title (Page #, Problem #’s)

No Heading = No Grade

The daily Course objective

• The daily learning objective and assignments should be written in the CLASSWORK section of your 3-ring binder at the beginning of class every day.

• You will see the daily objective for your class on the daily Power Point.

Financial Algebra• HW: Due Friday August 29Answer each question in 3-5 complete sentences, typed 12 font or written in BLUE or BLACK ink:• 1. What year are you in school? What are you education plans for the

future?• 2. In what career do you see yourself in 5 years? 10 years? How do you plan

to reach your career goals? • 3. What are your financial goals for the future? What are your plans to

achieve those goals?• 4. When it comes to money, do you consider yourself a SAVER or a

SPENDER? Why?• 5. What do you hope to learn from this Financial Algebra course?• 6. Honestly describe your study habits. How and when do you STUDY? Do

Homework? Complete projects?• 7. Have these habits been successful for you? What has worked? What can

you improve?

Class Objective

• Students will review fractions, decimals and percents and apply those skills to situations

Change each PERCENT to a DECIMAL

• 88%• 7.25%• 33.333%• .125%• Explain in words how to change a

PERCENT to a DECIMAL

Change each DECIMAL to a PERCENT• .96• 3.75• .04• .375• Explain in words how to change a

DECIMAL to a PERCENTHW#1 – Due Tuesday Sept. 2

Solve the following showing ALL work:

• Stella purchased a new MACBook computer for school that sold for $1350. She received a student discount of 15% off the retail price. The tax for the sale was 7.6% How much did Stella pay for her computer all together?

Financial Algebra

• HW DUE: Essay• CW: Practice w/ Percentages WSHT• HW: Finish Practice w/ Percentages WSHT

Financial Algebra

• HW Due: HW Sheet #1 Practice with Percents• Books• Binder Check TODAY

• Your course binder should have dividers for :• CLASSWORK, HOMEWORK, NOTES, TESTS-QUIZ-ASSESSMENT

Course Syllabus All Classwork and Objectives to date in CW Section

Financial Algebra

• Binder Check TODAY• Chapter 1 – Business Organization– Read Pgs. 1-6 in your textbook

• HW: Pg. 7/ #1-10 – Due FRIDAY

Financial Algebra

• HW: Pg. 7/1-10 Due FRIDAY• Project STOCK MARKET Due October 8• Copy the Class Objective in the CW section of

your binder:Students will explore offerings of the American Stock Market and analyze data from a given stock.

Starbuck’s Coffee

• NASDAQ Ticker Symbol –SBUX• Stock Price 8/22 - $77.35• http://

www.google.com/finance?client=ob&q=NASDAQ:SBUX

• http://www.investopedia.com/ask/answers/03/072403.asp

• http://www.bloomberg.com/quote/CMG:US

Financial Algebra

• POP QUIZFill in the missing data in the table:

Fraction Decimal %

Financial Algebra• HW: Pg. 8/ #11-18• Choosing your Stock Company– Logo, Mission Statement, Initial Purchase of 100

shares• Stock Data Tables

Financial Algebra – Per. 5

• WEDNESDAY in LAB:• Research your project’s company

– Logo, products, pictures– Mission Statement

• What is the history of the company? Who founded the company? When?

• What is the products or services of the company• What is the TICKER SYMBOL for the company• What is the price of the stock TODAY• Calculate the cost of buying 100 shares• Power Point Slides 1-5 due TODAY• Stock Table

Financial Algebra

• HW: Pg. 8/ #11-18• Stock Tables – Collection of your stock dataStock Ticker Symbol

OPEN HIGH LOW CLOSE CHANGE V/%

Date 1

Date 2

10/7/2014

Financial Algebra• HW DUE: Pg. 8/ #11-18• Stock Tables – Collection of your stock data• Calculating %change• Microsoft EXCEL Spreadsheet and Graphs

Stock Ticker Symbol

OPEN HIGH LOW CLOSE CHANGE V/%

Date 1

Date 2

10/7/2014

Financial Algebra

• HW DUE: Pg. 14/#1-16• PP Stock Project – All Slides should be Started/Finished• Test Corrections on Quiz #1 Due FRIDAY-9/26 • Copy the CLASS OBJECTIVE in the CW Section of your binder:Students will create various graphs for stock data and include graphs in power point presentation. • Volume Sales – 100’s to 1000’s• Microsoft EXCEL – Data and Graphs

– Volume– Line– Candlestick on Graph Paper

Financial AlgebraStella has invested $3500 in several investment options. She invested 55% of her money in a mutual fund, 25% in technology stocks and the rest she invested in gold!• How much of her $3500 did she invest in

each stock or fund?

Financial Algebra

• HW DUE: Pg. 14/#1-16• Progress Reports – Parent Signature• CW: Pg. 21/#14; Pg. 27/ #2• Copy the CLASS OBJECTIVE in the CW Section of your

binder:Students will CALCULATE Simple Moving

Averages (SMA) for Stock Market Data and EXPLAIN the meaning of the statistics.

• PP Stock Project – Due Oct. 6, 7; Presentations Oct. 8 and 10– All Slides should be started or finished

Financial Algebra

• Means, Medians and Spreadsheets• Simple Moving Averages– Complete Q. #3 and 4, Pg. 27 with your partner

Financial Algebra

• Calculating SMA with EXCEL• Project Slide – Stock Recommendation, Mean

Median Price

Financial Algebra

• Stock Market Project–Due TODAY

Dana_Starbuck@dpsk12.org

Financial Algebra

• Using your STOCK MARKET PROJECT to answer the analysis questions.

Financial Algebra - Per. 5

• You need:– Textbook, Paper, Pencil, Binder

• Copy the Class Objective in the CW Section of your 3-ring binder

• Graphing Stock Tables - 1.3• HW: Pg. 20/ #1-8 – Due TODAY• HW: Pg. 27/ #1-5 Moving Averages• Pg. 21/ #15, 16 In Class Today

Finding AVERAGES

• HW Due: Pg. 21/ #16• Remember MEANS???• A MEAN is an AVERAGE of a set of numbers:• To calculate MEAN, ADD all the numbers in the

set, the DIVIDE by the number of data points you have.

Starbuck’s Stock Price ($):51.80, 52.10, 52, 49.70, 48.65, 49.87, 50.05, 52HW: Pg. 27/ # 1-9

• With your group, complete the 3-day Simple Moving Average (SMA) and GRAPH for the Starbuck’s Data

Starbuck’s Stock Price ($):51.80, 52.10, 52, 49.70, 48.65, 49.87, 50.05, 52

Financial Algebra- Find your NEW Assigned Seat

• Write an equations in SLOPE/INTERCEPT form for the table:

• Write an equations in SLOPE/INTERCEPT AND POINT/SLOPE forms for the table:

x -3 -2 -1 0 1 2y -16 -10 -4 2 8 14

x -1 1 3 5 7

y 9 12 15 18 21

x -2 7y 15 25

x -8 4y 6 15

Financial Algebra

• Copy the class objective in the CW Section of your binder:

Students will CONSTRUCT scatter plots for data and DRAW a line of best fit and WRITE an equation in POINT/SLOPE and SLOPE/INTERCEPT forms for the line.CW: Pg. 68/ #5• HW: Pg. 68/ #1-4, 6

FA - POP Quiz• HW: Pg. 68/ #1-4, 6• Use the table to find the following:

1. Calculate the SLOPE for the table2. Write an equation in POINT/SLOPE form3. Write an equation in SLOPE/INTERCEPT4. Use your equation to find ‘y’ when ‘x’= -45. Use your equation to find ‘x’ when y = 42

x y-9 103 34

Financial Algebra – Per. 5• Computer Lab- Project Presentations –

WEDNESDAY 10/31– Stock Information• Mission Statement• History

• Rehearsal – With a partner, go through your ENTIRE presentation. You

should be ready with questions for your partner.

• Professional Dress• No JEANS• Collared shirts tucked in, wear a belt

• Chapter 1.6 – Stock Transactions• Last Section of Project – Capitol Gain/Loss• In Class: Pg. 38/ #1-5• HW: Pg. 38/ #1-15• Make Up Work/Test Corrections due TODAY

3 p.m.

• Stella bought 50 shares of STARZ stock in 2010 for $49.50 per share. She sold it today for $55 per share.

• Did she show CAPITAL GAIN or LOSS?• How much did Stella Gain/Lose?

Financial Algebra – Period 5

• REBEL ROUND-UP Schedule• POP Quiz• Complete the following questions from your

textbook, showing all work:• Pg. 27/ Q. #4 (should be 7 answers)• Pg. 38/ Q. #7• Pg. 39/ Q. # 11

•HERE

Financial Algebra

• ACCUPLACER – On-Line Testing– Username: Dana_Starbuck– Password: Stella1star

• My Foundations Lab

Financial Algebra – Per. 5• HW DUE: Pg. 68/ #1-4, 6• HW: Pg. 69/#8,9• Write an equation in POINT/SLOPE and

SLOPE/INTERCEPT form for each table

x -3 -2 -1 0 1 2 3

y -13 -8 -3 2 7 12 17

x -3 -1 1 3 5 7

y -19 -11 -3 5 13 21

Financial Algebra • HW DUE: Pg. 68/ #1-4, 6• HW: Pg. 69/#7, 8• Copy the CLASS OBJECTIVE in the CW Section of your 3-Ring

Binder:Students will WRITE equations for LINES OF

REGRESSION taken from Scatterplots• Copy the table on your paper

Stadium Hot Chocolate SalesTemp.

Fo 750 660 580 520 470 440 390 300

# Cups Sold 4 13 24 27 39 52 61 84

Use your equation to solve the following:

• # Hot Chocolate Sales when the temperature is 200

• #Hot Chocolate Sales when the temperature is -70

• Temperature when there is 72 hot chocolate sales

• Temperature when there is 266 hot chocolate sales

Financial Algebra

• HW: Pg. 69/#7,8 Due MONDAY• JA Stock Market Challenge• MFL• Finish Hot Chocolate Sales• Regression and the Calculator

Financial Algebra

• Copy the CLASS OBJECTIVE in the CW Section of your binder:

Students calculate equations for the data and find CORRELATION COEFFICIENTS for the data using TI Calculators. CW: Pg. 73/ #3, 7HW: Pg. 74/#8

Financial Algebra

• The KEY Club is hosting a Mexican Dinner Fiesta to raise money for Children’s Hospital. The club will charge $8.50 per person for the dinner. The COST for the dinner is $3.50 per person PLUS $275 in supplies (Plates, forks, napkins, cups, decorations etc…)

Donations to the Hospital

• How much will the club earn in REVENUE people attend the dinner? What will the COST be for 125 people? How much will the club DONATE to the hospital if 125 people attend?

• Explain the meaning of your ’BREAK EVEN’ point. • Write an equation for PROFIT for the club’s fiesta

Dinner.• How many people will have to attend the dinner for

the club to donate $500 to the hospital? $800?

Financial Algebra

• READ: Pg. 75-77• DEFINE the following:– Supply– Demand– Wholesale vs. Retail– Equilibrium

• CW: Question #8, Pg. 79 with calculators• HW: Pg. 78/#1-7 Due Monday• QUIZ WEDNESDAY• – Lines of Best Fit, Correlation

Financial Algebra• HW: Pg. 78/#1-7 Due Monday• TEST Wednesday – Lines of Best Fit, Equations,

Correlation Coefficient, Data on Calculator• The StellaStar Company makes fashion dog

collars. Costs to make the collars are $3.60 per collar for materials plus $1850 in fixed costs. The collars will sell for a price of $12.50 each.

• Write an equation for the REVENUE and the COST for the dog collars.HW: Pg. 79/#9 Due WEDNESDAY

StellaStar Continued….

• Find the REVENUE and the COST for 5, 25, 50, 150 and 400 dog collars.

• Find the company’s PROFIT (R – C) for 5, 25, 50, 150 and 400 dog collars.

• Find the company’s BREAK EVEN (R = C) point and explain what this means.

• Find an equation for the company’s PROFIT(R – C = P)

• How many collars will the company have to sell to make a profit of $5000? $10,000?• HW: Pg. 84/#1-7 Due FRIDAY• Make Up Work Due MONDAY 12/1

Financial Algebra

• HW DUE: Pg. 79/#9 • HW: Pg. 84/#1-7 Due FRIDAY• Make Up Work Due MONDAY 12/1

• TEST Today – LOBF, Correlation Coefficients, Linear Equations

Financial Algebra

• HW DUE: Pg. 84/#1-7 • Make Up Work Due MONDAY 12/1• CW: Pg. 85/ #8-12

• Worksheet: Setting the Best Price

Financial Algebra

• Graphing COST and REVENUE – Pg. 86• CHECK – Pg. 88, 89• HW: Pg. 90/ #1-3 DUE Monday

Financial Algebra

• HW: Pg. 90/ #1-3 DUE Monday• Semester Project – Due at Final Exam – P. 3

Monday Dec. 15, Per. 3; Per. 7, WEDNESDAY DEC. 17, Per. 2 – NO LATE PROJECTS ACCEPTED

• Make-Up work due FRIDAY DEC. 12• CW: Pg. 95/#7-14

Financial Algebra

• Stella’s Candy Company makes gourmet boxed chocolates. The cost to produce the chocolates is $3.40 per unit plus $18,500 in fixed cost. The demand function is given by the function

q = -2500p+62,500. 1. Write the COST equation in terms of ‘p’2. Find the REVENUE equation (R=q(p))3. Graph your equations on the calculator and find

the BREAK EVEN points and the MAXIMUM revenue, EXPLAINING what these points mean.

• Due TODAY: Advertising vs. Profit• Line of Fit

• HW Due TODAY: WkSheet ‘Duck’, ‘Ape’s Grape’

• Make-Up Work, Test Corrections due TODAY, 3 pm.

• IN CLASS (HW): WSHEET ‘Yunsberger’

• Due Today: Pg. 74/ #7, 8• In Class: Line of Best Fit Quiz• You need:– Notes, Calculator

Go REBELS!

Financial Algebra

• You need:– Paper, pencil

Financial Algebra – Per. 5• Due Today: Pg. 74/ #8• Check Q. #8. pg. 74 on your calculator• HW: Pg. 84/ #2-7 – Due FRIDAY• Classwork

Financial Algebra – Per. 5• Due Today: Pg. 74/ #7, 8• The KEY Club is hosting a Mexican Dinner Fiesta to

raise money for Children’s Hospital. The club will charge $8.50 per person for the dinner. The COST for the dinner is $3.50 per person PLUS $275 in supplies (Plates, forks, napkins, cups, decorations etc…)

HW: Pg. 84/ #2-7

• HW DUE: Pg. 84/ #2-7• Semester Project/Portfolio – Due FINAL

EXAM DAY – NO LATE PROJECTS ACCEPTED• Complete q. #9, 10, Pg. 85

• Semester Project/Portfolio – Due FINAL EXAM DAY – Wednesday Dec. 19, 7:45 a.m. NO LATE PROJECTS ACCEPTED

• Make Up Work Due MONDAY DECEMBER 17, 3 P.M. NO EXCEPTIONS

• Complete Q. #9, 10, Pg. 85• Binder and Textbook check• Quiz TOMORROW – Line of Best Fit, Writing and

Evaluating Equations

Financial Algebra - Per. 5

• You need:• Portfolio Project •NO LATE PROJECTS ACCEPTED

• Final Exam

PCX – Per. 2, 7• Due TODAY: Concept Map Project• Final Exam

= 0%, ‘F’ on Final Exam and Confiscation of Phone

• 2013 Tardy Policy• Binders / Syllabus / Grading• Tutoring– Monday and Tuesday 3-4:30 p.m.

Let’s GO!• Access Testing tomorrow – Check lists on each

floor• Copy Class Objective in CW Section of your 3-

ring binder. • Notes – Quadratic Functions• In Class: WSheet “Setting the Right Price”

Take Care of yourself!!

• Flu Tips!–Use hand sanitizer and Kleenex–Wash hands often for 30 seconds or more–Are you Sick? Fever? Stay home and get

• Binder and Textbook checks TODAY• Due TODAY: Setting the Best Price• CW: Pg. 90/ #1• HW: Pg. 90/ #2

• TODAY:– Finish WSheet!!! – ‘Setting the Right Price’– Read: Pgs. 86-89– Pg. 90/ #2– HW: Pg. 90/ #3

Financial Algebra

Happy New Year!

• Are you graduating this year?• Books and Binders-Check WEDNESDAY

Financial Algebra

• Quadratic Functions• Notes• CW: For each QUADRATIC FUNCTION, use your

CALCULATOR to estimate/locate the ROOTS and the VERTEX

• HW: ‘From Linear to Quadratic’ Due FRIDAY

2 2( ) 12 45 ( ) 6 9 60f x x x f x x x

Financial Algebra

• HW DUE: ‘From Linear to Quadratic’ • Copy the CLASS OBJECTIVE in the CW section of

your binder:Students will solve QUADDRATIC EQUATIONS using GRAPHS and

ALGEBRAIC methods. • How do we use the QUADRATIC FORMULA?

b b acx

Financial Algebra • HW DUE: WSHT “Metaphor”• Solving Quadratics: Jeweler’s Income

Revenue = 50p – p2

Expense = -12.50p + 750

1. Find the Rev. and Exp. when the price is $27.2. Find the price (p) if the EXP $350. What is the REV at

this price?3. Find the price (p) if the REV is $616o In Class: Pg. 95/ #2-6o QUIZ Friday

Financial Algebra

• CW: Read Pg. 91-92• Break Even Points:

o R = Co Profit = 0 or R – C = 0

• Simplifying NON-Linear Equations• In Class: Pg. 95/ #2-6• HW: Pg. 95/ #7 – 14 Due FRIDAY• Quiz FRIDAY

Financial Algebra

• Quiz TODAYo HW DUE WEDNESDAY: Pg. 95/ #7-14• Remember – No School Monday

o HW DUE: Pg. 95/ #7-14

o In Class: Pg. 95/ #2-6o Simplifying and Solving

Quadratics

Financial Algebra

• Copy the CLASS OBJECTIVE in the CW Section of your binder:

Students will solve for the ROOTS and the coordinate points of the VERTEX of a parabola using Algebraic methods.1. x2 – 13x + 36 2. x2 + 7x – 60

3. -3x2 – 27x – 60 4. 4x2 – 44x + 72

Financial Algebra• StellaStar company sells packaged organic dog

treats. The company has the following EXPENSE and REVENUE equations:

E = -100p + 3000 (p = price)R = -32p2 + 640p

1. Graph and Sketch the equations, labeling the MAX REVENUE and the BREAK EVEN POINTS

2. Find the BREAK EVEN POINTS algebraically, showing ALL work

3. Find the MAX REVENUE algebraically

Financial Algebra• StellaStar Company sells packaged organic dog

treats. The company has the following EXPENSE and REVENUE equations:

E = -100p + 3000 (p = price)R = -32p2 + 640p

1. Graph and Sketch the equations, labeling the MAX REVENUE and the BREAK EVEN POINTS

2. Find the BREAK EVEN POINTS algebraically, showing ALL work

3. Write a PROFIT equation for the StellaStar Co.4. Find the MAX Profit for the StellaStar Co.

Financial Algebra• READ Pg. 97-100• CW: Pg. 101/ #2-6, 12• HW: Pg. 101/ 7-11, 13-16 Due FRIDAY

Financial Algebra

• Table Task – Profit Functions• Using your table’s problem, create a poster showing the

following:– Write the PROFIT function using P = R – C– Accurate graph of REV, EXP and PROFIT functions– LABEL Max REV, Max PROFIT and Break Even points– Calculation of the BREAK EVEN POINTS, showing ALL work– Calculation of the ROOTS of the revenue and profit function– Calculation of the MAX REV and MAX PROFIT, showing ALL work– Explanation of meaning of all solutionsHW: Pg. 101/ 7-11, 13-16 Due FRIDAY

Financial Algebra

• TEST Today– Revenue, Cost, Profit

Financial Algebra

• Progress Reports: Make Up work DUE WEDNESDAY FEB. 18, 3 pm – NO EXCEPTIONS

• Chapter 3• Checking, Savings, Debit Accounts, Banking

Services• CW: Pg. 122/ #16• HW: Pg. 120/#1-15

Financial Algebra• HW DUE: Pg. 120/#1-15• Copy the CLASS OBJECTIVE in the CW Section

of your binder:Students will COMPARE and CONTRAST LINEAR and EXPONENTIAL tables, graphs, equations and situations

• Sophie and Stella are saving for a vacation to France. Sophie has $675 and plans to save $125 each month. Stella has $950 saved and will save 8% of her BALANCE each month.

• Complete the table for both girls:#Months 0 2 5 9 10 12

Sophie $

Stella $

Sophie and Stella go to FRANCE!• Graph each table on the SAME graph grid,

accurately scaling and titling your graph. • If the trip to FRANCE costs $2150, how long will

each girl have to save to pay for the trip?• Write an equation for both girl’s saving plan. • HW: Pg. 120/#1-15 Due WEDNESDAY• MAKE-UP Work – Test Corrections• DUE WEDNESDAY FEB. 18, 3 pm • NO EXCEPTIONS

Financial Algebra

• Simple Interest• Interest = Principle(Rate)(Time (yrs.))

• I = prt• Fractions to Decimals• HW: Pg. 135/ #1-5 Due WEDNESDAY

Simple Interest• COPY the Objective in the CW section of your binder:Students will CALCULATE and SOLVE Simple

Interest for various situations.• Find the interest rates as decimals:1. 3.5% 2. 2.75%3. .8%• Pg. 133-134 – Check Your Understanding• CW: Pg. 135/#6-9• HW: Pg. 135/ #1-17 Due Monday• Quiz WEDNESDAY-Account balances, Simple interest• Jr. Achievement – Per. 3 Friday; Per. 7 Tuesday

I = P(r)(t)

• Solve the equation I = P(r)(t) for ‘r’• Solve the equation I = P(r)(t) for ‘t’• Solve the equation I = P(r)(t) for ‘P’

Financial Algebra• HW DUE: Pg. 135/ #1-5, 10-17• Copy the CLASS OBJECTIVE in the CW Section of your binder:Students will EXPLORE situations and CALCULATE INTEREST and ACCOUNT BALANCES using COMPOUND INTEREST • Compounding Interest

– Annual (Simple)– Semi-Annual– Quarterly– Monthly– Daily– Continuously

• Quiz WEDNESDAY– Simple Interest, Account balances

• HW: Pg. 141/ #1-7 Due FRIDAY

Calculating with Compound Interest• APR = Annual Percentage Rate

Annual = Semi-Annual =

Quarterly = Monthly =

Daily = Find the SEMI-ANNUAL QUARTERLY, MONTHLY and DAILY

rate for an APR of 4.25%

Compound Interest

• Find the TERM interest rate, given the following APR - ANNUAL PERCENTAGE RATES

1. 3.5% Quarterly2. 2.75% Daily3. 8% Semi-Annual

• Pg. 138-140 – Check Your UnderstandingHW: Pg. 141/ #1-7 WEDNESDAY

Financial Algebra• Sophie has $875 in a savings account with an

APR of 3.25%, compounded QUARTERLY. • Stella has $875 in a 3-year CD account with

an APR of 3.25%, compounded monthly. • How much will each girl have in her account

in 3 years?• HW: Pg. 141/ #1-7

• HW DUE: Pg. 141/ #1-7 Due Wednesday• Copy the Class Objective in the CW Section of

your binder:• Students will use COMPOUND INTEREST to

calculate account values• In Class – Pg. 141/ #8, 9, 10• HW: Pg. 142/ #11-14 Due FRIDAY

Financial Algebra

• HW DUE: Pg. 148/ #1-8 Due • Copy the Class Objective in the CW Section of your binder:Students will use the COMPOUND INTEREST

formula to calculate account values• Using the COMPOUND INTEREST Formula

• P(1+ )nt= Account Balance• NOTES• Annual Percentage YEILD (APY)• Pg. 147/EX. #4, CYU• Pg. 149/ #9-12• HW: Pg. 149/#13-16 Due FRIDAY

Happy St. Patrick’s Day

Financial Algebra – Per. 5 EXITStella invested $2500 in an account that pays

an annual interest rate of 4.375%.

1. Find Stella’s QUARTERLY and MONTHLY interest rate2. Write an equation for Stella’s investment account for

BOTH situations.3. Find the value of Stella’s account after 6 MONTHS, 3

YEARS, 10 YEARS and 25 YEARS for BOTH situations.. 4. How many years will it take for Stella’s investment to

DOUBLE for BOTH situations?

HW: Pg. 149/#13-16 Due FRIDAY

Compound Interest - Group Problems

• HW: Pg. 149/#13-16 Due FRIDAY• Copy CLASS OBJECTIVE in CW Section of your BINDER

Students will calculate account values using COMPOUND INTEREST equations

• EVERY group member will copy all work in the CW Section of their binder

• EVERY GROUP will turn in ONE poster for their problem, with each group member completing one section

• Posters due at end of period

Every group poster should include:• Annual interest rate (APR) written as a DECIMAL• SIMPLE INTEREST Equation• Calculation of SIMPLE Interest and total investment value for 5 years,

10 years• Daily, Monthly, Quarterly and Semi-Annual Interest rates, written as a

DECIMAL• Exponential Equations using Compound Interest values for Daily,

Monthly, Quarterly and Semi-Annual Interest rates• Calculation of investment value using COMPOUND Interest for 5

years, 10 years using Daily, Monthly, Quarterly and Semi-Annual Interest rates

• Estimation of time to DOUBLE investment value using Simple, Daily, Monthly, Quarterly and Semi-Annual Interest rates

• Compare and Contrast SIMPLE vs. COMPOUND Interest• HW: Pg. 149/#13-16 Due FRIDAY

Financial Algebra

• HW DUE: Pg. 149/#13-16• APY – Annual Percentage Yield• Continuous Compounding• ‘e’ - Euler’s Number• Pg. 154/ #2, 3• HW: Pg. 154/ #5-8 Due TUESDAY• TEST Chapter 3 - WEDNESDAY

Financial Algebra

• HW DUE: Pg. 154/ #5-8 Due • Continuous Compounding Interest• Future and Present Value of Investments• SINGLE Deposit vs. PERIODIC Deposit• NOTES• HW: Pg. 159/ #2, 3

Financial Algebra

• Future and Present Value of Investments– Pg. 159/ #1-8– Pg. 165/#2-5Using your CELL PHONE cost, find the Periodic Investment value for an accountIf you deposited that money each monthFor 12 years that pays 4% compounded monthly!

FINANCIAL Algebra

• Copy the class objective in the CW Section of your binder:

Students will explore and calculate values related to CREDIT and COMPOUND INTERESTCW: Pg. 178/#2-4HW: Pg. 178/#5-9

• HW DUE: Pg. 178/ #5-9• Copy the CLASS OBJECTIVE in the CW Section of your 3-

ring binder:Students will IDENTIFY and DISCUSS different credit card applications and

information• Exploring Credit – Group Task

– Look at the Store’s Credit Application with your partner– Write a list of at least 5 important pieces of information you

need to know about this credit card– Be sure to read the FINE print!

Now…..Students will CACLULATE balances on

Credit Cards using card information and compound interest.

• Using the APR of your store’s credit card, charge $300 worth of goods/services on the card.

1. Find the DAILY interest rate2. Find the balance after 6 months if you make NO

payments3. Find the balance after 6 months if you pay $25 each

Financial Algebra

• Monthly Payment Formula – Notes• Loans and the TI-84 TVM-Solver Pg. 181-185• HW: Pg. 185/ #1-10 DUE FRIDAY

Buy your DREAM Car!

• Put 10% Down• APR = 4%• Loan Term 5 years• Formula Pg. 184

Financial Algebra• HW DUE: Pg. 185/ #1-10• TVM-Solver• Taking a Mortgage– Home price: $279,000– Interest Rate: 5.15%– Down Payment: 20%– Term of Loan: 30 years

– Find the MONTHLY MORTGAGE PAYMENT amount for the home loan using the TVM Solver on the calculator

HW: Pg. 191/#2-5, 7-10 DUE WEDNESDAYQUIZ FRIDAY – Credit Cards and Loans

Financial Algebra• HW DUE: Pg. 191/#2-5, 7-10 • QUIZ FRIDAY - Credit, Loans, Payments TVM SolverCopy the CLASS Language OBJECTIVE in the CW Section of your binder:

Students will calculate payment amounts, interest and balances on loan values.

– Stella is purchasing a home for $315,200. She will put a 20% down payment on the home, and finance the remainder on a 30 fixed mortgage at 3.825%.

– Find her LOAN Amount– Find her LOAN Payment amount– Find the amount of INTEREST she will pay over the life of

the loan

Financial Algebra

• Murphy purchased a television for $525 on his credit card. The card charges 22% interest, compounded monthly, with a $35 late fee on late or non-payments. Murphy didn’t pay his bill for 6 months. How much did he owe on the TV after 6 months?

Financial Algebra • Copy the CLASS OBJECTIVE in the CW

Section of your binder: Students will EXPLORE and CALCULATE earned income

from various wages and salaries.

Time to EARN some Cash!– Job Applications– Pay, Benefits and Deductions– Hourly, Salary, Commission pay structuresHW:Pg. 294/#1-14 Due Wednesday

Calculating Pay

• Minimum Wage COLORADO = $8.23• Full time = 40 hours/Week• Overtime Pay = 1.5 time• Holiday Pay = 2.5 time• Calculate the pay for the following:– 38 hours– 40 hours– 50 hours; 4 hours HOLIDAY, 6 HOURS OT – 63 hours

Financial Algebra

• Hourly vs. Salary vs. Commission• Calculating monthly salary from annual salary• Calculation of commission and sliding

commission

Find the pay for the following situations:

• Stella is a hairdresser and earns 30% of the price of the HAIRCUTS she does and 50% of the price of the COLOR SERVICE she does. She charges $24 for each haircut and $80 for each color service.

• In April, Stella did 110 haircuts and 42 color services.

Sliding Commission

• Sophie sells ADS for a local magazine. She earns 35% for the first $1500 worth of ads she sells and 55% on any amount over $1500.

• How much did Sophie earn if she sold $2075 worth of ads last month?

Financial Algebra

• HW DUE:Pg. 294/#1-14 • Royalties and Piecework• CW: Pg. 300/ #9-17; Pg. 307/#14-24• Quick Write – Explain the difference

between the different pay methods:– Hourly– Salary– Commission / Salary + Commission– Piecework

Social Security and Medicare

• Pg. 316-319• Social Security Tax Withholding – 6.2%• Medicare Tax Withholding – 1.45%• Colorado Tax Withholding – 3%

Flo is a waitress at a local restaurant.She earns $7.50 per hour plus averages

22% of her sales in tips. Last week she worked 28 hours and had sales of $2940.

Calculate her GROSS (before tax) payCalculate her NET (after tax) pay

Explain the payment method and then calculate the total GROSS pay for each of the following:

• A grocery checker earns $14.50 per hour, earning time and a-half for overtime, over 40 hours. The checker worked 52 hours last week.

• A real-estate agent earns $1000 per month PLUS 6% commission on all home sales and 4.5% commission on condos and townhomes. The agent sold $950,750 in homes and $654,500 in condos last month.

• A painter earns $650 for each house he paints and $190 for each apartment he paints. Last month he painted 9 houses and 12 apartments.

NET Pay

• Find the NET pay for your GROSS pay calculations using the following:

• Social Security Tax Withholding – 6.2%• Medicare Tax Withholding – 1.45%• Colorado Tax Withholding – 3%

Semester Final Review

• Final Exam – Monday May 18, Per. 3– Comprehensive – Covers all topics semester 2

• Final Project Due at FINAL– No late projects accepted

Financial Algebra

• Make Up work due TODAY 3pm • In Class: Chapter 3 - Simple vs. Compound Interest• Pg.110/ #1-4; Pg. Pg. 111-112/ #1-9 – Due FRIDAY

Financial Algebra – Per. 5• HW DUE: Pg. 95/ #7-9• Be ready to present your HW problem at 12:30• In class: Pg. 96/ #8• HW: Pg. 96/#9 Due Wednesday• Quiz WEDNESDAY

Tuesday – ‘Dress to Impress’

• HW DUE: Pg. 95/ #7-9 - SOLVING showing ALL work!

• In class: Pg. 96/ #8• HW: Pg. 96/#11-14 Due Wednesday

• Quiz WEDNESDAYTomorrow – SportsCenter Day

• HW Due: Pg. 96/#11-14• TEST TODAY!• You need:– Yellow Page notes, calculator, pencil

• Progress Reports• Pg. 99- Profit• HW Pg.101/ #1-9

• HW DUE: Pg.101/ #1-9• In Class: Pg. 102/ #10-12• HW: Pg. 102/ #12 c, d Max Profit sSOLVE• Make-Up Work and Test Corrections DUE

FRIDAY

• HW: Pg.101/ #1-9; Pg. 102/ #12 c, d Max Profit SOLVE

• Group Assessment• Each group member will have all components

and solutions for problem in CW section of 3-ring binder

• Each group completes 1 poster

Financial Algebra – Per. 5• Each INDIVIDUAL CW and each GROUP POSTER

should have the following:– Calculated PROFIT EQUATION– TABLE for E, R, and P Equations– GRAPH of E, R and P Equations– Break Even points LABELED on graph and CALCULATED

by SOLVING, showing ALL work– MAX REVENUE Labeled on GRAPH– MAX PROFIT point LABELED on graph and CALCULATED

by SOLVING, showing ALL work– Summary paragraph explaining all solutions

• Notes – Vertex Form of Quadratico y = a(x - h)2 + k

• Finding value of (a)• Writing equations for R, E and P from graph

and table• In Class: Pg. 106/ #1-9

Financial Algebra

• Find your NEW ASSIGNED SEAT• Test Corrections– Test Corrections Guidelines in TQA section of

binder– Test Corrections due WEDNESDAY FEBRUARY 20

No Exceptions!• Pg. 106/ #1-9

Financial Algebra

• HW Due: Pg. 135/ #8• NOTES: Interest and Exponential Growth• Complete Q. #9,10 Pg. 136 with your group• Solving Using: I = PRT, #11, 12, 13• HW: Pg. 136/ #14, 16, 17

• NOTES: Interest and Exponential Growth• Complete Q. #9,10 Pg. 136 with your group• Solving Using: I = PRT, #11, 12, 13• HW: Pg. 136/ #14, 16, 17

Check Understanding….

• Permit Slips – April 17• Complete the CHECKS FOR UNDERSTANDING

on Pg. 145, 146• NOTES: Annual Percentage YIELD• HW: Pg. 148/ #2-11

• Quiz WEDNESDAY

Financial Algebra

• Find your ASSIGNED SEAT• ALL group members complete the assignment

on your desktop in the CW section of your 3-ring binder.

• Complete ONE (1) copy of your task with ALL group names, due at end of period.

• HW DUE WEDNESDAY: Pg. 148/ #2-11• Quiz WEDNESDAY

Guest Speakers• S-T-A-R– Sit Up and Listen ATTENTIVELY– Take NOTES– Respond and Ask INTELLIGENT questions– REFLCET on the presentation

• HW Due MONDAY APRIL 8: 3 Paragraph Essay, Typed 12 Font– What I Learned From Our Guest Speakers

• Stella bought a new car for $22,500. She put a down payment of $3250 on the car and financed the remaining balance at an APR of 5.75%, compounded monthly.

• How much did Stella finance on her car?• Write an equation for Stella’s car loan.• How many months will she have to pay if her

car payment is $300 each month? $400 each month?

Guest Speaker

Kindra FrancisWells Fargo Banks

• HW DUE: Pg. 185/ #1-10• Copy Class Objective in CW Section of

your Binder• Photo Release Permits – Field Trip• Credit Quiz – Friday• Group Task– Each group will turn in ONE paper after

EVERY group member completes ALL work in CW section of Binder

Group Task

• Your completed Task should have the following:– APR written in decimal form and calculated MONTHLY

rate– Equation for credit scenario– Balance after 6 months making NO payments and adding

indicated late fee and increased APR each month– Balance after 1 year making on-time payments of 30% of

the balance each month (no late fees apply)– Estimated monthly payment amount to pay the full

amount in 12 months (1 year) • TVM Solver

Financial Algebra – Per.• Credit Quiz – Tuesday• Field Trip WEDNESDAY• TIAA-CREF Reflection Essay

– 3 Paragraph (5-7 sentences each) essay describing the days events at TIAA-CREF DUE FRIDAY

• HW: Pg. 191/ #1-5 due FRIDAY• Using the TVM SolverCarl wants to buy a brand new motorcycle and he has selected one that costs $14,250. Carl will put down $2800 and he has secured a 5-year loan at the bank for the balance, with an interest rate of 6.75%. 1. How much will Carl finance with his loan?2. What will Carl’s monthly payment be?3. How much interest will Carl pay over the life of the loan?

TVM Solver

• Stella wants to purchase a house. She has negotiated a price of $185,600 and will put down 15% of the cost of the house. She has been approved for a mortgage loan of 30 years, with an interest rate is 5.25%.

1. How much will Stella finance with her loan?2. Find Stella’s monthly payment on her mortgage.3. Find the total amount of interest Stella will pay

over the life of the loan.

Financial Algebra – Per.5

• QUIZ Today – Credit• HW: Pg. 191/ #1-5 due FRIDAY• Field Trip WEDNESDAY: TIAA-CREF– Dress: Business Casual

• TIAA-CREF Reflection Essay: DUE FRIDAY• 3 Paragraph (5-7 sentences each) essay

describing the days events at TIAA-CREF

Wages and Compensation• Minimum Hourly Wage as of January 1, 2013

Hourly Employee: $7.78Tipped Hourly Employee: $4.76Overtime Hourly: 1.5 timeHoliday Pay May be as much as DOUBLE or TRIPLE time

1. Calculate the weekly GROSS (PRE-Tax) pay for FULL-TIME work: 40 hours

2. Calculate the weekly GROSS pay for PART-TIME work: 30 hours

3. Calculate the GROSS pay for OVERTIME work: 50 hours

Wage Deductions

• Employees Pay — Social Security tax rate is 6.2% on income under $113,700 through the end of 2013. and the Medicare tax rate is 1.45% of all income

• Employers Pay — Social Security tax rate is 6.2% and the Medicare tax rate is 1.45%

• Self-employed —the Social Security tax rate is 12.4% income under $113,700 through the end of 2013. The Medicare tax rate is 2.9%

• NET Pay = GROSS Pay - Deductions

Pay Day!

1. Calculate the weekly NET pay for FULL-TIME work: 40 hours

2. Calculate the weekly NET pay for PART-TIME work: 30 hours

3. Calculate the NET pay for OVERTIME work: 50 hours

HW: Pg. 300/ #1-20 Due MONDAY

• HW DUE: Pg. 300/ #1-20• Hourly vs. Commission Pay• HW: Pg. 307/ #1-10

• HW: Pg. 307/ #1-10• QUIZ - Friday• You need: – Graph paper, notebook paper, textbook

• Piecewise Functions– Separate function “pieces” graphed together

• Complete the table for the Piecewise Function:• y = Pay ($)• X = #hours

y = 10.5 x : x < 40y = 15.75x : 40 < x < 60

• HW DUE: Pg. 307/ #1-10• QUIZ – TODAY – Wages and Pay

• Binder Checks – Wednesday• Graph the PIECEWISE function on GRAPH paper:

y = 3x ; for x < 2y = x2 – 4 ; for 2 < x < 5

y = 8 ; for x > 5

HW: Pg. 309/ #25

Financial Algebra – Per.

• y < 5x + 4• y > 9 – 2x

• Linear Programming– Systems of INEQUALITIES– Feasible Regions

Financial Algebra – Per.• Write a SYSTEM OF INEQUALITIES for the situation:A stage actor’s theatre has a capacity of 225 people. The theatre sells tickets at 2 prices: REGULAR and DISCOUNT. The regular ticket cost $12 and the discount ticket cost $9. The theatre needs to sell at least $300 worth of tickets in order to have a performance. They also do NOT want to sell more than 100 DISCOUNT tickets.

Graphing FEASIBLE Region

• Complete a table for each inequality you wrote for the situation

• Graph the table on GRAPH paper. Each graph is a BOUNDARY for the FEASIBLE REGION

• Connect the Lines of each Boundary: Dashed or Solid

• Shade each inequality, creating the feasible region

Binder Check

• Revenue, Cost and Profit (Quadratic Eqn.)• Compounding Interest: Investments and

Credit• Payroll: Calculating Paychecks, Taxes• Linear Programming

• Worksheet – Linear Programming• Graphing Feasible Regions

Financial Algebra – Per. 5Financial Algebra – Final Exam Review Topics

Chapter 2 – Revenue, Cost and ProfitLinear and Quadratic – Maximization - GraphingPoints of Intersection – R = CChapter 2 Review – Pg. 110

Chapter 3 and 4 – Investments and CreditExponential Growth and DecayAnnual Interest RatesQuarterly, Monthly, DailyLate Fees and Penalties – Total BalancesChapter 3 Review – Pg. 168Chapter 4 Review – Pg. 211

Chapter 6 – Employment and Paychecks Salary, Hourly, Commission, Piecework PayTaxes and BenefitsGROSS, NET PayChapter 6 Review – Pg. 321

Linear ProgrammingTAKE HOME TEST – ‘Picturing Pictures’ Due at Final

Study your CW, HW, and especially your NOTES and SEMESTER TESTS AND QUIZZES

Final Exam

• You need:–‘Picturing Pictures’• Be sure to have MAX profit Calculated

–Calculator–Yellow Page Notes

Financial Algebra

• Measures of Center• EXCEL Spreadsheets• Graphs by Hand and on EXCEL

Measures of Center

• Find the MEAN, MEDIAN, MODE and RANGE for the data set:

{16, 15, 8, 22, 19, 13, 20, 21, 17, 15, 16, 16}• Draw a FREQUENCY graph for the data set• Draw a HISTOGRAM for the data set

Mrs. Starbuck Room 323 Welcome to Financial Algebra ! Find your assigned seat.

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