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Mary Hansen [Mary Hansen] - Master Math: Business and Personal Finance Math

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Mary Hansen [Mary Hansen] Master Math: Business and Personal Finance Math
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In todays fast-paced and evolving financial environment it is essential for students to have a strong understanding of mathematics to succeed both personally and professionally. MASTER MATH: BUSINESS AND PERSONAL FINANCE MATH teaches students the mathematics required for success in todays world in an easy-to-read, user-friendly format. It covers all the need-to-know information and skills in business math and personal finance topics. The books approach to math concepts and skills is straightforward and introduces new concepts step-by-step. This allows students to build confidence before they try it on their own. In addition to reviewing the basic operations of arithmetic, topics include gross and net pay, banking, credit and loans, owning a car or home, insurance and investments, as well as budgets, business costs, sales and marketing, managing people and inventory and business profit and loss. Chapters are organized logically and in short lessons for ease of instruction and learning.

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Appendix . Answers to Practice Problems
Chapter 1

Master Math Business and Personal Finance Math - image 1

Master Math Business and Personal Finance Math - image 2

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Master Math Business and Personal Finance Math - photo 16
829500 438930 - photo 17
829500 438930 3517 1185 - photo 18
829500 438930 3517 1185 00111 521 - photo 19

829,500

4,389.30

3.517

11.85

0.0111

52.1

2 5 = 0.4

4 11 = 0.36

Master Math Business and Personal Finance Math - image 20
Master Math Business and Personal Finance Math - image 21
Master Math Business and Personal Finance Math - image 22

0.35 = 35%

75 22 75 022 165 125 4 125 004 5 - photo 23
Master Math Business and Personal Finance Math - image 24

75 22% = 75 0.22 = 16.5

125 4% = 125 0.04 = 5

Master Math Business and Personal Finance Math - image 25
G 45 1025 46125 I 2500 2 3 2500 002 3 150 - photo 26

G = 45 $10.25 = $461.25

I = $2,500 2% 3 = $2,500 0.02 3 = $150

A = 1,500(1 + 0.015)6 = 1,500(1.015) 6 = 1,640.16

APY = (1 + 0.0125) 10 1 = (1.0125) 10 1 = 1.13 1 = 0.13

Chapter 2

8 5 = 40 hours

40 $16.85 = $674

3325 675 22444 2550 15 3825 3 3825 13388 - photo 27

33.25 $6.75 = $224.44

$25.50 1.5 = $38.25

3 3825 13388 204 13388 33788 1075 15 16125 1075 2 - photo 28

3 Picture 29 $38.25 = $133.88; $204 + $133.88 = $337.88

$10.75 1.5 = $16.125

$10.75 2 = $21.50

40 $10.75 = $430

5 $16.125 = $80.63

5 $21.50 = $107.50

$430 + $80.63 + $107.50 = $618.13

$2,000 2 = $1,000

$36,000 12 = $3,000

No, the gross pay is less than $3,250 per month.

$950 52 = $49,400

The job with weekly pay has a higher pay rate.

50 $8.50 = $425

$325,000 3% = $325,000 0.03 = $9,750

$55,000 $10,000 = $45,000

$45,000 2% = $45,000 0.02 = $900

$900 + $1,200 = $2,100

$125,000 $75,000 = $50,000

$50,000 10% = $50,000 0.10 = $5,000

40 $6.50 = $260

$260 + $5,000 = $5,260

100 30 = 70

30 $2.50 = $75

70 $3.25 = $227.50

$75 + $227.50 = $302.50

$20,000 4% = $20,000 0.04 = $800

$20,000 8% = $20,000 0.08 = $1,600

$150,000 $40,000 = $110,000

$110,000 10% = $110,000 0.10 = $11,000

$800 + $1,600 + $11,000 = $13,400

Master Math Business and Personal Finance Math - image 30

150 $9.75 = $1,462.50

$1,712.50 $1,462.50 = $250

Master Math Business and Personal Finance Math - image 31

400 $4.50 = $1,800

12 $80 = $960

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