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Module 13
Financial Algebra
This module provides a solid foundation in mathematical concepts and skills necessary for understanding and making financial decisions.
Topics covered in this module include interest rates, loans, compound growth, stocks and bonds, and net present value. We explore linear and exponential functions and work through case studies that apply mathematical concepts to practical life scenarios.
Module At A Glance
Grade Levels:
6th - 10th
Est. Length:
2-5 Hours (20 slides)
Activities:
2 Activites
Articles:
0 Articles
Languages:
English & Spanish
Curriculum Fit:
Math, Business, Economics, CTE, Social Studies
Standards Alignment:
CEE National Standards, Jump$tart National Standards & Relevant State Standards
Guiding Questions
- How do interest rates affect the cost of loans and investments?
- How can we calculate the interest paid or earned on a financial product?
- How can we calculate the net present value of different financial decisions, and how can we use this information to make informed choices?
- How can we use algebraic equations and functions to model and solve financial problems in the real world?
- How can we apply the principles of financial algebra to real-world scenarios?
Enduring Understandings
- Fractions and percentages are interchangeable, but incredibly useful when working with financial decisions.
- Your income is subject to state and federal taxes, and these taxes can be calculated by multiplying your income with percentage tax rates.
- Interest rates also play a crucial role in the cost of loans and investments.
- Financial algebra can be applied to real-world scenarios, such as buying a house, starting a business, or planning for retirement.
Module Vocab & Key Topics
Chart Axes
Axes are the lines that create a grid for graphing functions or data. The horizontal axis is called the x-axis, the vertical axis is called the y-axis, and they intersect at a point called the origin.
Linear Equation
A linear equation is an equation of a straight line in the form y = mx + b, where m is the slope of the line and b is the y-intercept (the point where the line crosses the y-axis). Linear equations can be graphed on a coordinate plane.
Amortization
The process of paying off a debt over time, with regular payments that include both principal and interest.
Time Value of Money
The concept that money today is worth more than the same amount of money in the future, due to the potential for investment returns.
Present Value
The current value of a future sum of money, calculated by discounting it to its present value.
Future Value
The value of an investment at a future point in time, calculated by compounding the original principal and any interest earned.
Net Present Value
The difference between the present value of all future cash inflows and the present value of all future cash outflows, used to evaluate the profitability of an investment.
Internal Rate of Return (IRR)
The interest rate at which the net present value of an investment equals zero, used to evaluate the potential return on an investment.
Interest
The cost of borrowing money, usually expressed as a percentage of the amount borrowed.
Simple Interest
Interest that is calculated only on the principal amount.
Compound Interest
Interest that is calculated on both the principal and any accumulated interest.
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The information contained on this website and from any communication related to this website is for information purposes only. Rapunzl Investments LLC (Rapunzl) does not hold itself out as providing any legal, financial or other advice. Rapunzl also does not make any recommendation or endorsement as to any investment, advisor or other service or product or to any material submitted by third parties or linked to this website. In addition, Rapunzl does not offer any advice regarding the nature, potential value or suitability of any particular investment, security or investment strategy. The material on this website does not constitute advice and you should not rely on any material in this website to make (or refrain from making) any decision or take (or refrain from making) any action. All investment, borrowing or tax decisions should be made with the advice of an appropriately qualified and licensed advisor.
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