General Information (Catalog listing)
01:640:106. Selected Topics in Mathematics: The Mathematics of Money Prerequisite:01:640:025. Introduction to the uses of college level mathematics in personal finance applications, including mortgages, student loans, and leasing. Some related non-financial applications. May not be used as an elective for the math major or minor. Not intended for students majoring in business, economics, or STEM fields. Rutgers Business School will not give its students credit for taking this course.
Current Semester: Fall 2016 — Mathematics of Money
The subject matter of Math 106 is more focused than that of Math 103, and is highly applicable. Topics include simple interest, simple discount, compound interest, annuities, investments, retirement plans, mortgages, student loans, leasing, and insurance. The emphasis is on problem solving, with some derivation of formulas. Some biological applications and analogies are considered throughout the course.
Math 106 is designed so that reinforcement of basic skills is integrated into the learning of the subject matter.
Math 106 has the same prerequisite as Math 103, satisfies the same graduation requirements, and is intended for the same liberal arts audience.
SAS Core Curriculum Learning Goals
Math 106 fulfills both the Quantitative Information (QQ) and Mathematical or Formal Reasoning (QR) learning goals of the SAS Core Curriculum:
QQ: Formulate, evaluate, and communicate conclusions and inferences from quantitative information.
QR: Apply effective and efficient mathematical or other formal processes to reason and to solve problems.
Textbook and Syllabus
Special Topics in Mathematics: Mathematics of Money (01: 640: 106, Summer 2017 )