Version History
Business Mathematics was created by combining chapters from NSCC Math for Bookkeeping and Business Math: A Step-by-Step Handbook Abridged by Sanja Krajisnik, Carol Leppinen, and Jelena Loncar-Vines, Conestoga College.
Both books are Pressbooks hosted condensed adapted versions of Business Math: A Step-by-Step Handbook by J. Olivier. All works shared under CC BY-NC-SA licenses.
Additional content added from Financial Empowerment by Bettina Schneider and Saylor Academy CC BY-NC-SA 4.0 and Mathematics for the Liberal Arts by Lumen Learning shared under a CC BY license.
| NSCC Business Math | Adapted From |
| 1. Basic Math Review | |
| 1.1 Order of Operations | 2.1 in Business Math: A Step-by-Step Handbook |
| 1.2 Fractions and Decimals | 2.2 in Business Math: A Step-by-Step Handbook |
| 1.3 Rules & Properties of Exponents | Rules for Exponents in Mathematics for the Liberal Arts |
| 1.4 Solving Linear Equations | 2.5 in Business Math: A Step-by-Step Handbook |
| 1.5 Solving Word Problems | Apply a Problem-Solving Strategy to Basic Word Problems in Mathematics for the Liberal Arts |
| 1.6 Break-Even Analysis | 5.2 in Business Math: A Step-by-Step Handbook |
| 1.7 Formulas | new |
| 2 Mathematics of Merchandising | |
| 2.1 Figuring Out the Cost: Discounts | 6.1 in Business Math: A Step-by-Step Handbook |
| 2.2 Markup: Setting the Regular Price | 6.2 in Business Math: A Step-by-Step Handbook |
| 2.3 Markdown: Setting the Sale Price | 6.3 in Business Math: A Step-by-Step Handbook |
| 2.5 Invoicing: Terms of Payment and Cash Discounts -NSCC | 7.4 in Business Math: A Step-by-Step Handbook |
| 3 Evaluating Choices: Time, Risk, and Value | |
| 3.1 The Time Value of Money | Unit 4.1 from Chapter 4 Evaluating Choices: Time, Risk, and Value in Financial Empowerment |
| 3.2 Valuing a Series of Cash Flows | Unit 4.3 from Chapter 4 Evaluating Choices: Time, Risk, and Value in Financial Empowerment |
| 3.3 Calculating the Relationship of Time and Value | Unit 4.2 from Chapter 4 Evaluating Choices: Time, Risk, and Value in Financial Empowerment |
| 4 Simple Interest | |
| 4.1 Principal, Rate, Time | 8.1 in Business Math: A Step-by-Step Handbook |
| 4.2 Maturity Value (or Future Value) Moving Money Involving Simple Interest | 8.2 in Business Math: A Step-by-Step Handbook |
| 4.3 Application of Future Value: Savings Accounts And Short-Term GICs | 8.3 in Business Math: A Step-by-Step Handbook |
| 4.4 Application of Present Value: Treasury Bills and Commercial Paper | 8.6 in Business Math: A Step-by-Step Handbook |
| 4.5 Simple Interest Terminology (Interactive Activity) | Chapter 8: Simple Interest Terminology in Business Math: A Step-by-Step Handbook Abridged |
| 4.6 Key Concepts Summary | |
| 4.7 Symbols and Formulas Introduced | Chapter 8: Symbols and Formulas in Business Math: A Step-by-Step Handbook Abridged |
| 4.8 Glossary of Terms | new |
| 5 Compound Interest | |
| 5.1 Compound Interest Fundamentals | 9.1 in Business Math: A Step-by-Step Handbook |
| 5.2 Determining the Future (Maturity) Value | 9.2 in Business Math: A Step-by-Step Handbook |
| 5.3 Determining the Present Value | 9.3 in Business Math: A Step-by-Step Handbook |
| 5.4 Equivalent Payments | 9.4 in Business Math: A Step-by-Step Handbook |
| 5.5 Determining the Interest Rate | 9.5 in Business Math: A Step-by-Step Handbook |
| 5.6 Compound Interest Terminology (Interactive Activity) | 9 in Business Math: A Step-by-Step Handbook Abridged |
| 5.7 Key Concepts Summary | 9.7 in Business Math: A Step-by-Step Handbook |
| 5.8 Symbols and Formulas | Chapter 9: Symbols and Formulas in Business Math: A Step-by-Step Handbook Abridged |
| 5.9 Glossary of Terms | New |
| 6 Compound Interest – Applications & Single Payments | |
| 6.1 Application: Long Term GICs | 10.1 in Business Math: A Step-by-Step Handbook |
| 6.2 Application: Long Term Promissory Notes | 10.2 in Business Math: A Step-by-Step Handbook</td |
| 6.3 Application: Strip Bonds | 10.3 |
| 6.4 Key Concepts Summary | 10-.S |
| 6.5 Symbols and Formulas | Chapter 10: Symbols and Formulas in Business Math: A Step-by-Step Handbook Abridged |
| 6.6 Glossary of Terms | new |
| 7 Compound Interest – Annuities | |
| 7.1 Fundamentals of Annuities | 11.1 in Business Math: A Step-by-Step Handbook |
| 7.2 Future Value of Annuities | 11.2 |
| 7.3 Present Value of Annuities | 11.3 |
| 7.4 Annuity Payment Amounts | 11.4 |
| 7.5 Number of Annuity Payments | 11.5 |
| 7.6 Annuity Interest Rate | 11.6 |
| 7.7 Annuities Terminology (Interactive Activity) | Chapter 11: Annuities Terminology (Interactive Activity) in Business Math: A Step-by-Step Handbook Abridged |
| 7.8 Annuities Key Concepts Summary | Chapter 11: Key Concepts Summary in Business Math: A Step-by-Step Handbook Abridged |
| 7.9 Symbols and Formulas | Chapter 11: Symbols and Formulas in Business Math: A Step-by-Step Handbook Abridged |
| 7.10 Glossary of Terms | new |
| 8 Compound Interest – Special Applications | |
| 8.1 Deferred Annuities | 12.1 in Business Math: A Step-by-Step Handbook |
| 8.2 Key Concepts | 12.5 |
| 8.3 Symbols and Formulas | Chapter 12: Symbols and Formulas in Business Math: A Step-by-Step Handbook Abridged |
| 8.4 Glossary of Terms | new |
