## What Business Math Is and Why It's Important

### What Will I Take in Business Math?

Topics in business math are many and include, but are not limited to:
Interest rates
Loans
Mortgage Finance and Amortization
Depreciation
Investment and Wealth Management
Insurance
Credit
Taxes and Tax Laws
Discounts
Payroll
Markups and Markdowns
Statistics
Inventory
Financial Statements
Depreciation
Annuities
Future and Present Values
Simple and Compound Interest

### What Math Do I Need to Take Business Math?

If you decide that business math is for you or that you need business math for your career goal, you will benefit from having an understanding of the following topics along with the ability to solve word problems:

• Fractions, Decimals, and Percents (use the four operations with fractions, convert between fractions and decimals and percents, calculate percents of a number with and without a calculator, convert and simplify fractions, reduce and convert fractions
• Whole Numbers (to a million, read, write, round and estimate numbers) and Integers (understand how to use the four operations with integers
• Basic Equations in Early Algebra (solve equations involving more than 1 unknown term, solve proportions, solve equations using more than one operation, use the problem-solving plan
• Be Able to Use a Variety of Formulas
• Understand and Work with the Mean, Median and the Mode