Course Outline

School: Business

Department: Accounting

Course Title: Math Of Finance Part 2

Course Code: MATH 119

Course Hours/Credits: 56

Prerequisites: GS 191, MATH 118, MATH 128, MATH

140, MATH 170

Co-requisites: N/A

Eligible for Prior Learning, Yes

Assessment and Recognition:

Originated by: Georgia Saoulli

Revised by: Helen Catania, Chris Brown

Revision Date: Fall 2023

Current Semester: Winter 2024

Approved by:

Chairperson/Dean

Students are expected to review and understand all areas of the course outline.

Retain this course outline for future transfer credit applications. A fee may be charged for
additional copies.

This course outline is available in alternative formats upon request.

MATH 119 CENTENNIAL COLLEGE Math Of Finance Part 2

Acknowledgement of Traditional Lands

Centennial is proud to be a part of a rich history of education in this province and in this city. We
acknowledge that we are on the treaty lands and territory of the Mississaugas of the Credit First Nation
and pay tribute to their legacy and the legacy of all First Peoples of Canada, as we strengthen ties with
the communities we serve and build the future through learning and through our graduates. Today the
traditional meeting place of Toronto is still home to many Indigenous People from across Turtle Island and
we are grateful to have the opportunity to work in the communities that have grown in the treaty lands of
the Mississaugas. We acknowledge that we are all treaty people and accept our responsibility to honor all
our relations.

Course Description
This is the second part of two part mathematics of finance course offered to students in the School of
Business. Through classroom instruction, the student is introduced to the common practice in consumer
finance as used by Canadian companies.

Program Outcomes
Successful completion of this and other courses in the program culminates in the achievement of the
Vocational Learning Outcomes (program outcomes) set by the Ministry of Colleges and Universities in the
Program Standard. The VLOs express the learning a student must reliably demonstrate before
graduation. To ensure a meaningful learning experience and to better understand how this course and
program prepare graduates for success, students are encouraged to review the Program Standard by
visiting http://www.tcu.gov.on.ca/pepg/audiences/colleges/progstan/. For apprenticeship-based programs,
visit http://www.collegeoftrades.ca/training-standards.

Course Learning Outcomes

The student will reliably demonstrate the ability to:
1. Analyze business problems involving trade discounts, cash discount and retail pricing.
2. Solve applied problems involving simple interest.
3. Solve applied problems involving compound interest.
4. Solve applied problems involving ordinary simple annuities.
5. Solve applied problems involving ordinary general annuities.

Essential Employability Skills (EES)

The student will reliably demonstrate the ability to*:
3. Execute mathematical operations accurately.
4. Apply a systematic approach to solve problems.
*There are 11 Essential Employability Skills outcomes as per the Ministry Program Standard. Of these 11 outcomes, the following will be
assessed in this course.

Global Citizenship and Equity (GC&E) Outcomes

N/A

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MATH 119 CENTENNIAL COLLEGE Math Of Finance Part 2

Text and other Instructional/Learning Materials

Text Book(s):
Contemporary Business Mathematics with Canadian Applications, Twelfth Edition
S.A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou
Published by Pearson Canada Inc.
Online Resource(s):
1.MyLab Math with Pearson eText -- Access Card Package, 12/E Contemporary Business Mathematics
with Canadian Applications
(must be purchased from Pearson)

2.MATH119 Mathematics of Finance Supplementary Problems

Centennial College Mathematics Department
(Available on eCentennial)

Evaluation Scheme
➮ Test 1: Based on Chapters 6,7 of the textbook.
➮ Test 2: Based on Chapter 9 of the textbook.
➮ Test 3: Based on Chapters 10, 11 of the textbook.
➮ Test 4: Based on Chapter 12 of the textbook.
Evaluation Name CLO(s) EES GCE Weight/100
Outcome(s) Outcome(s)
Test 1 1, 2 3, 4 25
Test 2 3 3, 4 30
Test 3 3, 4 3, 4 25
Test 4 3, 5 3, 4 20
Total 100%
If students are unable to write a test they should immediately contact their professor or program Chair for
advice. In exceptional and well documented circumstances (e.g. unforeseen family problems, serious
illness, or death of a close family member), students may be able to write a make-up test.

All submitted work may be reviewed for authenticity and originality utilizing Turnitin®. Students who do not
wish to have their work submitted to Turnitin® must, by the end of the second week of class,
communicate this in writing to the instructor and make mutually agreeable alternate arrangements.

When writing tests, students must be able to produce official Centennial College photo identification or
they may be refused the right to take the test or test results will be void.

Tests or assignments conducted remotely may require the use of online proctoring technology where the
student’s identification is verified and their activity is monitored and/or recorded, both audibly and visually
through remote access to the student's computer and web camera. Students must communicate in writing
to the instructor as soon as possible and prior to the test or assignment due date if they require an
alternate assessment format to explore mutually agreeable alternatives.

Student Accommodation
The Centre for Accessible Learning and Counselling Services (CALCS) (http://centennialcollege.ca/calcs)

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MATH 119 CENTENNIAL COLLEGE Math Of Finance Part 2

provides programs and services which empower students in meeting their wellness goals,
accommodation and disability-related needs. Our team of professional psychotherapists, social workers,
educators, and staff offer brief, solution-focused psychotherapy, accommodation planning, health and
wellness education, group counselling, psycho-educational workshops, adaptive technology, and peer
support. Walk in for your first intake session at one of our service locations (Ashtonbee Room L1-04,
Morningside Room 190, Progress Room C1-03, The Story Arts Centre Room 285, Downsview Room 105)
or contact us at [email protected], 416-289-5000 ext. 3850 to learn more about accessing
CALCS services.

Use of Dictionaries
• Dictionaries may be used in tests and examinations, or in portions of tests and examinations, as long
as they are non-electronic (not capable of storing information) and hard copy (reviewed by the
invigilator to ensure notes are not incorporated that would affect test or examination integrity).

Program or School Policies

N/A

Course Policies
a) Students must put their official photo-ID, the Centennial Student Card, in full view when writing a test.

b) During tests, students may use a scientific calculator. Financial, programmable and/or graphing
calculators are prohibited. No other electronic devices will be permitted. Use of a cell phone or any other
WIFI enabled device is prohibited.

c) If a student is unable to write a test, it is the student’s responsibility to contact their professor by email
prior to the test. Failure to email the professor prior to missing a test will (1) result in a mark of zero on
the missed test; and (2) forfeit the possibility of the student writing a make-up test.

d) If the student can provide satisfactory proof that the test has been missed for a justifiable reason, a
make-up test will be permitted. The make-up test may be scheduled during the week following the end of
the semester. Students may be granted at most one make-up test. A mark of zero will be recorded in
cases where no reason acceptable to the professor is provided.

e) There will be no rewrites of term tests.

Calculator:
Instruction will be based on the Sharp EL-520.

College Policies
Students should familiarize themselves with all College Policies that cover academic matters and student
conduct.

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MATH 119 CENTENNIAL COLLEGE Math Of Finance Part 2

All students and employees have the right to study and work in an environment that is free from
discrimination and harassment and promotes respect and equity. Centennial policies ensure all incidents
of harassment, discrimination, bullying and violence will be addressed and responded to accordingly.

Academic Honesty

Academic honesty is integral to the learning process and a necessary ingredient of academic integrity.
Forms of academic dishonesty include cheating, plagiarism, and impersonation, among others. Breaches
of academic honesty may result in a failing grade on the assignment or course, suspension, or expulsion
from the college. Students are bound to the College’s AC100-11 Academic Honesty and Plagiarism
policy.

To learn more, please visit the Libraries information page about Academic Integrity
https://libraryguides.centennialcollege.ca/academicintegrity and review Centennial College's Academic
Honesty Module:
https://myappform.centennialcollege.ca/ecentennial/articulate/Centennial_College_Academic_Integrity_M
odule_%202/story.html

Use of Lecture/Course Materials

Materials used in Centennial College courses are subject to Intellectual Property and Copyright
protection, and as such cannot be used and posted for public dissemination without prior permission from
the original creator or copyright holder (e.g., student/professor/the College/or third-party source). This
includes class/lecture recordings, course materials, and third-party copyright-protected materials (such as
images, book chapters and articles). Copyright protections are automatic once an original work is created,
and applies whether or not a copyright statement appears on the material. Students and employees are
bound by College policies, including AC100-22 Intellectual Property, and SL100-02 Student Code of
Conduct, and any student or employee found to be using or posting course materials or recordings for
public dissemination without permission and/or inappropriately is in breach of these policies and may be
sanctioned.

For more information on these and other policies, please visit www.centennialcollege.ca/about-
centennial/college-overview/college-policies.

Students enrolled in a joint or collaborative program are subject to the partner institution's academic
policies.

PLAR Process
This course is eligible for Prior Learning Assessment and Recognition (PLAR). PLAR is a process by
which course credit may be granted for past learning acquired through work or other life experiences. The
PLAR process involves completing an assessment (portfolio, test, assignment, etc.) that reliably
demonstrates achievement of the course learning outcomes. Contact the academic school to obtain
information on the PLAR process and the required assessment.

This course outline and its associated weekly topical(s) may not be reproduced, in whole or in

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MATH 119 CENTENNIAL COLLEGE Math Of Finance Part 2

part, without the prior permission of Centennial College.

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MATH 119 CENTENNIAL COLLEGE Math Of Finance Part 2

Topical Outline (subject to change):

Week Topics Readings/Materials Weekly Learning Outcome(s) Instructional Strategies Evaluation Evaluation
Name and Date
Weight
1 Trade Discount Introduction 6.1 Solve problems involving trade discounts. Lecture
Chapter 6
Section 6.1 6.1 Solve problems involving discount series.
2 Cash Discount Section 6.2 6.2 Solve problems involving cash discount Lecture
with full payments.

6.2 Solve problems involving cash discount

with partial payments.
3 Retail Pricing Sections 6.3, 6.4, 6.5 6.3 Solve problems involving markup based Lecture
Markup on either cost or selling price.
Markdown
Integrated Problems 6.4 Solve problems involving markdown.

6.5 Solve integrated problems involving

markup and markdown.
4 Simple Interest Chapter 7 7.1 Compute the amount of simple interest. Lecture
Sections 7.1, 7.2, 7.3,
7.4 7.2 Compute the principal, interest rate or
time.

7.3 Compute the maturity value (future value).

7.4 Compute the principal (present value).

5 Test 1 Chapters 6, 7 Chapters 6, 7 Test Test 1 week 5
25%
6 Compound Interest - Chapter 9 9.1 Calculate interest rates and the number of Lecture
Future Value, Sections 9.1-9.2 compounding periods.
including Fractional
Periods 9.2 Compute future (maturity) values of
investments.

7 Compound Interest - Section 9.3 9.3 Compute present value and compound Lecture
Present Value discount.
Section 9.5
Equations of Value at 9.5 Solve Problems involving equivalent
Compound Interest. values.
8 Equations of Value at Section 9.5 9.5 Solve problems involving equivalent Lecture

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MATH 119 CENTENNIAL COLLEGE Math Of Finance Part 2

Week Topics Readings/Materials Weekly Learning Outcome(s) Instructional Strategies Evaluation Evaluation
Name and Date
Weight
Compound Interest values.
MATH119
Supplementary
Problems

9 Test 2 Chapter 9 Chapter 9 Test Test 2 week 9

30%
10 Ordinary Simple Chapter 11 11.2 Compute the future value for ordinary Lecture
Annuities - Future Sections 11.2, 11.3 simple annuities.
Value
11.3 Compute the present value for ordinary
Ordinary Simple simple annuities.
Annuities - Present
Value
11 Ordinary Simple Chapter 11 11.4 Compute the periodic payment for Lecture
Annuities - Periodic Section 11.4 Ordinary Simple Annuities
Payment
Chapter 10 10.2 Compute nominal rates of interest.
Nominal, Effective, Sections 10.2, 10.3
and Equivalent Rates 10.3 Compute effective and equivalent rates
of Interest of interest.
12 Test 3 Chapters 10, 11 Chapters 10, 11 Test Test 3 week 12
25%
13 Ordinary General Chapter 12 12.1 Compute the future value for Ordinary Lecture
Annuities - Future Sections 12.1, 12.2, General Annuities
Value 12.3
12.2 Compute the present value for Ordinary
Ordinary General General Annuities
Annuities - Present
Value 12.3 Compute the periodic payment for
Ordinary General Annuities
Ordinary General
Annuities - Periodic
Payment
14 Test 4 Chapter 12 Chapter 12 Test Test 4 Week 14
20%

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