You & Your Money: Financial Algebra Course Syllabus · 2016-03-30 · You & Your Money: Financial Algebra Course Syllabus ... slope, straight line depreciation, straight line depreciation
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You & Your Money: Financial Algebra Course Syllabus
It was a conscious decision to begin this course with the third chapter of the text based on the perceived interests and needs of the students. This course requires use of technology, including scientific and graphing calculators. It is suggested that the first several days of the class be spent reviewing calculator functions, including parentheses and exponential operations. It is also recommended that class time be dedicated to allowing students to work in small groups on assigned problems, due to the difficult and complex nature of some problems and the potential lack of available technology outside the school. While technology is frequently used for calculations, students need to be constantly reminded to write down operations before entering them in the calculator as a method to check their work and to communicate their processes. While not included in the syllabus, there are many opportunities for additional activities including but not limited to:
• Guest speakers – from banks, credit unions, mortgage companies, etc. • Computer simulations – purchasing autos or homes, tax preparation sites • Credit score web sites • Auto dealers and insurance agencies • Tax preparers • Human resources professionals and others in charge of hiring
This syllabus contains a brief outline of topics covered throughout the course. The actual math standards covered will be found in the curriculum document. Chapter 3: Banking Services (approximately 20 days) Banks offer a complete array of paper and electronic services that make access to money easy. In this chapter, students learn the function and computation of interest in short-term, long-term, single deposit and periodic deposit accounts. 3-1 Checking Accounts (2 days) Objectives • Understand how checking accounts work. • Complete a check register. Key Terms Automatic teller machine (ATM), canceled, check, check clearing, checking account, check register, credit, deposit, deposit slip, direct deposit, drawer, debit, electronic funds transfer (ETF), endorse, hold, insufficient funds, interest, joint account, overdraft protection, payee, personal identification number (PIN), maintenance fee, single account 3-2 Reconcile a Bank Statement (2 days)
Objectives • Reconcile a checking account with a bank statement by hand and by using a spreadsheet. Key Terms Account number, balancing, bank statement, ending balance, outstanding checks, outstanding deposits, reconciling, starting balance, statement period 3-3 Savings Accounts (2 day) Objectives • Learn the basic vocabulary of savings accounts. • Compute simple interest using the simple interest formula. Key Terms Certificate of deposit (CD), interest, interest rate, maturity, minimum balance, money market account, principal, savings account, simple interest, simple interest formula, statement savings 3-4 Explore Compound Interest (2 days) Objectives • Understand the concept of getting interest on your interest. • Compute compound interest using a table. Key Terms Annual compounding, compound interest, crediting, daily compounding, quarterly compounding, semiannual compounding 3-5 Compound Interest Formula (3 days) Objectives • Become familiar with the derivation of the compound interest formula. • Make computations using the compound interest formula. Key Terms Annual percentage rate (APR), annual percentage yield (APY), compound interest formula 3-6 Continuous Compounding (3 days) Objectives • Compute interest on an account that is continuously compounded. Key Terms Continuous compounding, continuous compound interest formula, exponential base (e), finite, infinite, limit 3-7 Future Value of Investments (3 days) Objectives • Calculate the future value of a periodic deposit investment. • Graph the future value function. • Interpret the graph of the future value function. Key Terms
Biweekly, future value of a periodic deposit investment, future value of a single deposit investment, periodic investment 3-8 Present Value of Investments (3 days) Objectives • Calculate the present value of a single deposit investment. • Calculate the present value of a periodic deposit investment. Key Terms Present value, present value of a periodic investment, present value of a single deposit investment
Chapter 4: Consumer Credit (approximately 20 days) The understanding and use of credit is extremely important to the consumer since actions taking in the present can have long standing ramifications in the future. Becoming familiar with credit terminology and regulations is critical in making wise credit decisions. Credit comes at a price and in this chapter students learn how to use and manipulate the credit formulas in order to make wise credit choices that fit their needs, current financial situation, and future goals. 4-1 Introduction to Consumer Credit (2 days) Objectives • Become familiar with the basic vocabulary of credit terms. • Become familiar with types of lending institutions. • Compute finance charges for installment purchases. Key Terms Asset, credit, creditor, credit rating, credit reporting agency, debtor, down payment, earning power, FICO score, finance charge, installment plan, interest 4-2 Loans (3 days) Objectives • Read monthly payments from tables. • Compute monthly payments using a formula. • Compute finance charges on loans. Key Terms Annual percentage rate, balloon payment, collateral, cosigner, lending institution, life insurance, prepayment penalty, prepayment privilege, principal, promissory note, wage assignment, wage garnishment 4-3 Loan Calculations and Regression (2 days) Objectives • Calculate the present value of a single deposit investment. • Calculate the present value of a periodic deposit investment. Key Terms Cubic function, cubic regression, monthly payment calculator, natural logarithm
4-4 Credit Cards (2 days) Objectives • Become familiar with the basic vocabulary of credit cards. • Compute an average daily balance. Key Terms Average daily balance, charge card, credit card, debit card, Electronic Funds Transfer Act, Fair Credit Billing Act, Fair Debt Collection Practices Act, impulse buying, mean, revolving charge account, Truth-In-Lending Act 4-5 Credit Card Statement (2 days) Objectives • Identify and use the various entries in a credit card statement. Key Terms Account number, APR, available credit, average daily balance, billing cycle, billing date, credit card statement, credit line, debit/credit, finance charge, late charges, minimum payment, monthly periodic rate, new balance, new purchases, number of days in billing cycle, payments/credits, payment due date, previous balance, transactions 4-6 Average Daily Balance (3 days) Objectives • Calculate the average daily balance using the credit calendar. • Calculate the finance charge using the credit calendar. Key Terms Average daily balance, billing date, credit calendar
Chapter 5: Automobile Ownership (approximately 25 days) Whether it is a used or new car, ownership requires an understanding of the mathematics that models purchasing, insuring, depreciating, and driving that car. 5-1 Classified Ads (2 days) Objectives • Compute the cost of classified ads for used cars. • Compute the cost of sales tax on automobiles. Key Terms Cusp, domain, piecewise function, sales tax, split function 5-2 But or Sell a Car (2 days) Objectives • Compute the mean, media, mode, range, quartiles, and interquartile range. Key Terms Arithmetic average, ascending order, bimodal, data, descending order, interquartile range (IQR), lower quartile, mean, measures of central tendency, outlier, quartiles, range, resistant, skew, statistics, subscripts, median, outlier, upper quartile
5-3 Graph Frequency Distributions (3 days) Objectives • Create a frequency distribution from a set of data. • Use box-and-whisker plots and stem-and-leaf plots to display information. • Use linear regression to negotiate the purchase or sale of a car. Key Terms Box-and-whisker plot, boxplot, frequency, frequency distribution, modified boxplot, stem-and-leaf plot 5-4 Automobile Insurance (3 days) Objectives • Learn about different types of automobile insurance coverage. • Compute insurance costs. • Compute payments on insurance claims. Key Terms Actuary, automobile insurance, bodily injury liability (BI), car rental insurance, claim, collision insurance, comprehensive insurance, deductible, emergency road service insurance, liable, liability insurance, negligent, no-fault insurance , personal injury protection (PIP), premium, property damage liability (PD), surcharge, uninsured/underinsured motorist protection insurance (UMP) 5-5 Linear Automobile Depreciation (3 days) Objectives • Write, interpret, and graph a straight line depreciation equation. Key Terms
Appreciate, depreciate, slope, straight line depreciation, straight line depreciation equation 5-6 Historical and Exponential Depreciation (2 days) Objectives • Write, interpret, and graph an exponential depreciation equation. • Manipulate the exponential depreciation equation in order to determine time, original price, and depreciated value. Key Terms Dollar value, exponential decay, exponential depreciation, historical data, historical depreciation 5-7 Driving Data (3 days) Objectives • Write, interpret and use the distance formula. • Use the formula for the relationship between distance, fuel economy, and gas usage. Key Terms Currency exchange rate, distance formula, electronic odometer, English Standard
System, fuel economy measurement, kilometers per liter, mechanical odometer, Metric System, miles per gallon, odometer, speedometer, trip odometer 5-8 Driving Safety Data (2 days) Objectives • Calculate reaction time and distance in the English Standard System. • Calculate and use the braking distance in both English Standard and Metric Systems. • Calculate and use the total stopping distance in both the English Standard and Metric Systems. Key Terms Braking distance, reaction distance, reaction time, thinking time, total stopping distance 5-9 Accident Investigation Data (3 days) Objectives • Determine the minimum skid speed using the skid mark formula. • Determine the minimum skid speed using the yaw mark formula. Key Terms Accident reconstructionist, anti-lock braking system (ABS), braking efficiency, chord, drag factor, middle ordinate, shallow skid mark, skid distance, skid mark, skid speed formula, yaw mark
Chapter 6: Employment Basics (approximately 15 days) Employment is an integral part of our daily lives. Knowing how salaries are computed, benefits bestowed, and wage taxes calculated allow the employee the opportunity to make smart employment choices both before accepting a job and during the period of employment in that job. 6-1 Look for Employment (2 day) Objectives • Compute periodic salary based on annual contract salary. • Interpret abbreviations in classified ads. • Express classified ad prices as piecewise functions. Key Terms Benefits, discount, employment agency, fee paid, Form W-4: Employee’s Withholding Allowance Certificate, resume 6-2 Pay Periods and Hourly Rates (2 days) Objectives • Compute weekly, semimonthly, and biweekly earnings given annual salary. • Compute hourly pay and overtime pay given hourly rate. Key Terms Biweekly, direct deposit, double-time pay, gross pay, hourly rate, monthly pay, overtime hours, overtime hourly rate, semimonthly, time-and-a-half overtime,
weekly pay 6-3 Commissions, Royalties, and Piecework Pay (2 days) Objectives • Compute pay based on percent commission. • Compute piecework pay. • Understand advantages and disadvantages of pay based on production. Key Terms Commission, pieceworker, piecework rate, royalty 6-4 Employee Benefits (2 days) Objectives • Understand and calculate the value of certain employee benefits. Key Terms Base period, childcare leave, employee benefits, family health care, individual health care, insurance, paid vacation time, paid holiday time, pension, retirement plans, stock ownership plans, unemployment insurance, worker’s compensation 6-5 Social Security and Medicare (3 days) Objectives • Compute paycheck deductions for Social Security. • Compute paycheck deductions for Medicare.
Key Terms Federal Insurance Contributions Act, FICA tax, maximum taxable income, Medicare tax, Social Security, Social Chapter 7: Income Taxes (approximately 25 days) The Federal income tax laws and forms need not be a maze of complexities. In this chapter, students see how mathematics can be used to model and understand our progressive tax system. Through the creation of functions and the analysis of graphic representations of those functions, students gain insight into their income reporting and tax paying obligations. 7-1 Tax Tables, Worksheets, and Schedules (3 days) Objectives • Express tax schedules algebraically. • Compute Federal income taxes using a tax table and tax schedule. Key Terms Head of household, Income tax, Internal Revenue Service, married filing jointly, married filing separately, property tax, qualifying widower, sales tax, tax, taxable income 7-2 Modeling Tax Schedules (3 days) Objectives • Construct income tax graphs using piecewise functions derived from tax
schedules. Key Terms Flat tax, progressive tax system, proportional tax, regressive tax schedule, tax bracket 7-3 Income Statements (2 days) Objectives • Interpret and use the information on a pay stub, W-2 form and 1099 form.. Key Terms Cafeteria plan, flexible spending account, Form 1099, Form W-2, gross pay, net pay, paycheck, pay stub, take-home pay, tax-deferred contribution, withholding tax 7-4 Forms 1040EZ and 1040A (4 days) Objectives • Complete Form 1040EZ. • Complete Form 1040A. Key Terms Dependent, exemption, Form 1040A, Form 1040EZ, Form 1040, itemize, standard deduction 7-5 Form 1040 and Schedules A and B (6 days) Objectives • File Form 1040 with itemized deductions. • Understand the difference between a tax credit and a tax deduction. Key Terms Form 1040, Schedule A-Itemized Deductions, Schedule B-Interest and Dividend Income, tax avoidance, tax credit, tax evasion, voluntary compliance.
Chapter 8: Independent Living (approximately 15 days) A “place of my own to call home” comes in many forms and with varying degrees of financial responsibilities. In this chapter, students work their way through the mathematics that models moving, renting, and purchasing a place to live. 8-1 Find a Place to Live (3 days) Objectives • Calculate the affordability of a monthly rent. • Determine the relationship between square footage and monthly rent. • Determine lease signing costs. • Calculate moving expenses.. Key Terms Apartment, application deposit, evict, expire, furnished, landlord, security deposit, single-family home, square footage, and tenant. 8-2 Read a Floor Plan (3 days)
Objectives • Compute the perimeter and the area of a polygon. • Compute areas of irregular regions. • Compute volumes of rectangular solids.. Key Terms Apothem, area, British Thermal Units (BTUs), congruent, floor plan, Monte Carlo Method, perimeter, volume. 8-3 Mortgage Application Process (3 days) Objectives • Compute the monthly cost of paying for a house. • Understand the research thatis necessary before you purchase a home.. Key Terms Assessed value, adjustable-rate mortgage, back-end ratio, balloon mortgage, debtto- income ratio, down payment, escrow, fixed-rate mortgage, foreclose, front-end ratio, homeowner’s insurance, interest-only market value, mortgage, mortgage, property tax, real estate tax. 8-4 Purchase a Home (4 days) Objectives • Estimate closing costs. • Create an amortization table for a fixed-rate mortgage. • Create an amortization table for a fixed-rate mortgage with extra payments. • Investigate the amortization table for an adjustable rate mortgage. Key Terms Adjustment period, arrears, attorney fee, closing, closing costs, discount points, earnest money deposit, hybrid ARM, initial rate, non-recurring costs, origination points, prepaid interest, title, title search, transfer tax.
8-5 Rentals, Condominiums, and Cooperatives (3 days) Objectives • Compute costs of purchasing a cooperative or condominium. • Understand the advantages and disadvantages of different forms of homes. Key Terms Board of directors, condominium, cooperative, co-op apartment, equity, landominium, maintenance fee
Chapter 9: Planning for Retirement (approximately 15 days) For most high school students, the notion of retirement is so far in the distant future that many rarely consider the fact that actions they take now can affect how they will live once they stop working. The focus of this chapter is on the fiscal plans that workers can make years ahead of their retirement date. This involves a detailed study of retirement savings plans, both personal and federal, employee pension programs, and life insurance.
9-1 Retirement Income from Savings (2 days) Objectives • Calculate future values of retirement investments that are both single deposit and periodic. • Compare the tax savings by making contributions to pre-tax retirement savings accounts. • Calculate an employer’s matching contribution to a retirement account. Key Terms 401K, 403B, after-tax investments, individual retirement account (IRA), Keogh plan, retirement, Roth IRA, semi-retired, tax-deferred, tax-exempt, traditional IRA 9-2 Social Security Benefits (3 days) Objectives • Understand the benefits paid by Social Security. • Understand how benefits are computed. • Compute Federal income tax on benefits that are paid under Social Security. Key Terms Full-retirement age, Old-Age, Survivors, and Disability Insurance (OASDI), Social Security benefit, Social Security credit, Social Security statement 9-3 Pensions (2 days) Objectives • Calculate pension benefits using various formulas. • Calculate pension benefits during and after vesting periods.. Key Terms Consumer Price Index (CPI), cost of living adjustment (COLA), deferred compensation, defined benefit plan, Employee Retirement Income Security Act, lump-sum payment, pension, Pension Benefit Guaranty Corporation, Pension Protection Act, qualified joint and survivor annuity, vested 9-4 Life Insurance (2 days) Objectives • .Compute the cost of different types of life insurance. • Understand the advantages and disadvantages of different types of life insurance.
Key Terms Beneficiary, cash value, decreasing term insurance, face value, group term life insurance, increasing term insurance, level term insurance, mortality table, permanent life insurance, premium, term life insurance, universal life insurance, variable life insurance, whole life insurance
Chapter 10: Prepare a Budget (approximately 15 days) This final chapter of the text calls upon the knowledge acquired in the preceding chapters in order to create, chart, and use a responsible personal budget.
10-1 Utility Expenses (2 days) Objectives • Compute the cost of electric, gas, oil and water for a home. • Compute the cost of using specific appliances for specific lengths of time. • Compute the time is takes an energy-saving appliance to pay for itself Key Terms Ccf, cubic foot, kilowatt-hour (kWh), meter, present reading, previous reading, utility, volume, watt, watt-hour 10-2 Electronic Utilities (2 days) Objectives • .Compute the cost of cell phone calls, text messaging, Internet service, and cable television. Key Terms Electronic utilities 10-3 Charting a Budget (3 days) Objectives • Create and use a budget check-off matrix. • Visualize and interpret a budget using a pie chart, a bar graph, a line graph, and a budget line graph.. Key Terms Bar graph, budget check-off matrix, budget line graph, budget matrix, column, electronic matrix, line graph, matrix, order of a matrix, pie chart, row, sector 10-4 Cash Flow and Budgeting (3 days) Objectives • Develop and interpret a cash flow chart. • Develop and interpret a frequency budget plan. • Develop and interpret a year-long expense budget plan.. Key Terms Assets, cash flow, cash-flow matrix, debt reduction plan, debt-to-income ratio, year-long expense budget plan, envelope accounting system, frequency budget plan, net worth,
Lorain City School District Scope, Sequence and Pacing Guides
CCSS Math You & Your Money: Financial Algebra
Math You & Your Money: Financial Algebra – Early 1st Quarter
Text Section
CCSS Domain Cluster Standard Statement Days Clear Learning Target Vocabulary Core
Resource
Additional Resource Assessment
3-‐1
A-‐SSE Algebra
Interpret the structure of expressions
Interpret expressions that represent a quantity in terms of its context
2
I can explain the functions of a checking account.
I can complete a check register.
Debit, credit, interest, check register,
Text, Section 3-‐1, pages 116-‐
122
Teacher’s Resource CD, Power Point
CD
Check Your Understanding, Extend Your Understanding, done in class;
Select Applications Problems and
assign
A-‐SSE Algebra
Write expressions in equivalent forms to solve
problems
Choose and produce an equivalent form of an
expression to reveal and explain properties of the quantity represented by the expression.
F-‐BF Functions
Build a function that models a
relationship between two quantities
Determine an explicit expression, a recursive process, or steps for calculation from a
context.
3-‐2 A-‐CED Algebra
Create equations that describe numbers or relationships
Rearrange formulas to highlight a quantity of interest, using the same reasoning as in solving
equations.
2
I can reconcile a checking account with a bank statement.
Reconcile, spreadsheet
Text, Section 3-‐2, pages 123-‐
130
Teacher’s Resource CD, Power Point CD
Check Your Understanding, Extend Your Understanding, done in class; Select Applications Problems and assign
3-‐3 A-‐CED Algebra
Create equations that describe numbers or relationships
Rearrange formulas to highlight a quantity of interest, using the same reasoning as in solving
equations.
2 I can compute simple interest using a formula
Interest, principal, compound interest, simple interest, annual
Text, Section 3-‐3, pages 131-‐
136
Teacher’s Resource CD, Power Point CD
Check Your Understanding, Extend Your Understanding, done in class; Select Applications Problems and assign
Lorain City School District Scope, Sequence and Pacing Guides
CCSS Math You & Your Money: Financial Algebra
3-‐4
A-‐SSE Algebra
Interpret the structure of expressions
Interpret parts of an expression, such as terms, factors, and coefficients.
2
I can explain and compute compound interest
Text, Section 3-‐4, pages 137-‐
142
Teacher’s Resource CD, Power Point CD
Check Your Understanding, Extend Your Understanding, done in class; Select Applications Problems and assign A-‐
SSE Algebra
Interpret the structure of expressions
Interpret complicated expressions by viewing one or more of their parts as a single entity. (For example, interpret P(1 + r)n as the product of P and a factor not depending on P.
3-‐5
A-‐SSE Algebra
Write expressions in equivalent forms to solve problems
Use the properties of exponents to transform expressions for exponential functions. For example the expression 1.15t can be rewritten as (1.151/12)12t ≈ 1.01212t to reveal the approximate equivalent monthly interest rate if the annual rate is 15%.
3
I can explain the derivation of the compound
interest formula and use it to compute compound 3interest.
Annual percentage rate, annual percentage yield
Text, Section 3-‐5, pages 143-‐
149
Teacher’s Resource CD, Power Point CD
Check Your Understanding, Extend Your Understanding, done in class; Select Applications Problems and assign
F-‐IF Functions
Analyze functions using different representations
Use the properties of exponents to interpret
expressions for exponential functions.
3-‐6 N-‐RN Number
& Quantity
Extend the properties of exponents to rational numbers
Explain how the definition of the meaning of rational exponents follows from extending the properties of integer
exponents to those values, allowing for a notation for radicals in terms of rational exponents.
3
I can compute interest on an account that is continuously compounded/
Limit, finite, infinite, exponential base, continuous compound interest formula
Text, Section 3-‐6, pages 150-‐
155
Teacher’s Resource CD, Power Point CD
Check Your Understanding, Extend Your Understanding, done in class; Select Applications Problems and assign
Lorain City School District Scope, Sequence and Pacing Guides
CCSS Math You & Your Money: Financial Algebra
N-‐RN Number
& Quantity
Extend the properties of exponents to rational numbers
Rewrite expressions involving radicals and rational exponents using
the properties of exponents.
3-‐6
A-‐SSE Algebra
Interpret the structure of expressions
Interpret complicated expressions by viewing one or more of their parts as a single entity.
Same as above.
A-‐SSE Algebra
Write expressions in equivalent forms to solve problems
Choose and produce an equivalent form of an expression to reveal and explain properties of the quantity represented
by the expression.
3-‐7 F-‐IF Functions
Analyze functions using different representations
Use the properties of exponents to interpret expressions for exponential functions.
3
I can calculate the future value of a periodic deposit
investment. I can graph the future value function.
I can interpret the future value
function.
Periodic deposit amount
Text, Section 3-‐7, pages 156-‐
160
Teacher’s Resource CD, Power Point CD
Check Your Understanding, Extend Your Understanding, done in class; Select Applications Problems and assign
Lorain City School District Scope, Sequence and Pacing Guides
CCSS Math You & Your Money: Financial Algebra
3-‐8
F-‐IF Functions
Interpret functions that arise in applications in terms of the context
For a function that models a relationship between two quantities, interpret key features of graphs and tables in terms of the quantities, and sketch graphs showing key features given a verbal description of the relationship. Key features include: intercepts; intervals where the function is increasing, decreasing, positive, or negative; relative maximums and minimums; symmetries; end behavior; and periodicity
3
I can calculate the present value
of a single deposit
investment. I can calculate
the present value of a periodic deposit
investment.
Present value, single deposit
investment, periodic deposit
investment
Text, Section 3-‐8, pages 161-‐165
Teacher’s Resource CD, Power Point CD
Check Your Understanding, Extend Your Understanding, done in class; Select Applications Problems and assign A-‐
SSE Algebra
Write expressions in equivalent forms to solve problems
Choose and produce an equivalent form of an expression to reveal and explain properties of the quantity represented by the expression.
A-‐CED Algebra
Create equations that describe numbers or relationships
Rearrange formulas to highlight a quantity of interest, using the same reasoning as in solving equations.
Lorain City School District Scope, Sequence and Pacing Guides
CCSS Math You & Your Money: Financial Algebra
F-‐IF Functions
Analyze functions using different representations
Use the properties of exponents to interpret expressions for exponential functions.
Throughout this unit, as calculator computations become more complicated, time has been built in for reviewing functions, Especially important are the parentheses, exponential, fraction, and e functions. Extra time should also be allocated for students to work, in collaborative groups of 3 or 4, to complete assigned problems with
teacher guidance. The chapter assessment problems should be given to the students in advance, although the actual, graded work should be done in class. Students may work on the assessment problems outside class, in advance, but should not be allowed to utilize their work in class during the assessment.
This is an excellent opportunity to bring in a guest speaker from a bank or financial institution.
End Early 1st Quarter (25 Days)
Page 169-‐171 selected problems
Lorain City School District Scope, Sequence and Pacing Guides
CCSS Math You & Your Money: Financial Algebra
Math You & Your Money: Financial Algebra – Late 1st Quarter Text
Section CCSS Domain Cluster Standard Statement Days Clear Learning
Target Vocabulary Core Resource
Additional Resource Assessment
4-‐1
A-‐SSE Algebra
Interpret the
structure of expressions
Interpret expressions that
represent a quantity in terms of its
context
2
I can compute finance charges for installment purchases.
Installment plan, finance charge, down payment, asset,
creditor, debtor,
algebraically
Text, Section 4-‐1, pages 174-‐180
Teacher’s Resource CD, Power Point
CD
Check Your Understanding, Extend Your Understanding,
done in class; Select Applications
Problems and assign
A-‐SSE Algebra
Write expressions
in equivalent forms to solve
problems
Choose and produce an equivalent form of an expression to reveal and explain properties of the
quantity represented
by the expression.
A-‐CED Algebra
Create equations that
describe numbers or relationships
Represent constraints by equations or
inequalities, and by systems of
equations and/or inequalities, and
interpret solutions as viable or nonviable options in a
modeling context.
F-‐BF Functions
Build a function that models a
relationship between two quantities
Determine an explicit expression, a recursive process,
or steps for calculation from a
context.
Lorain City School District Scope, Sequence and Pacing Guides
CCSS Math You & Your Money: Financial Algebra
4-‐2
A-‐SSE Algebra
Interpret the
structure of expressions
Use the structure of an expression to identify ways to rewrite it.
3
I can read monthly
payments from tables.
I can compute monthly
payments using a formula.
I can compute finance charges
on loans.
Promissory note, APR, monthly payment formula
Text, Section 4-‐2, pages 181-‐186
Please take notice of keystrokes shown for the monthly payment formula on page 184 and wwalk through them with students.
Teacher’s Resource CD, Power Point
CD
Check Your Understanding, Extend Your Understanding,
done in class; Select Applications
Problems and assign
A-‐SSE Algebra
Write expressions
in equivalent forms to solve
problems
Use the properties of exponents to transform
expressions for exponential functions.
F-‐IF Functions
Analyze functions using
different representat
ions
Use the properties of exponents to
interpret expressions for exponential functions
A-‐SSE Algebra
Interpret the
structure of expressions
Interpret complicated expressions by
viewing one or more of their parts as a single entity.
F-‐LE
Linear and
Exponential Model
Construct and
compare linear and exponential models and
solve problems
Interpret the parameters in a
linear or exponential function
in terms of a context.
4-‐3 S-‐ID Statistics and
Probability
Summarize, represent,
and interpret data on two categorical
and quantitative variables
Fit a function to the data; use functions fitted to data to solve problems in the context of the
data.
3
I can calculate the present value of a single deposit investment.
I can calculate the present value of a periodic deposit investment.
Monthly payment calculator, natural logarithm,
cubic function, cubic
regression, equation
Text, Section 4-‐3, pages 187-‐182
Teacher’s Resource CD, Power Point
CD
Check Your Understanding, Extend Your Understanding,
done in class; Select Applications
Problems and assign
Lorain City School District Scope, Sequence and Pacing Guides
CCSS Math You & Your Money: Financial Algebra
4-‐4
N-‐Q Number and
Quantity
Reason quantit-‐atively and use units to
solve problems
Use units as a way to understand problems and to
guide the solution of multi-‐step
problems; choose and interpret units consistently in formulas; choose and interpret the scale and the origin in graphs and data
displays. 3
I can compute an average daily balance.
Credit card, debit card, average daily balance, mean
Text, Section 4-‐4, pages 193-‐199
Teacher’s Resource CD, Power Point
CD
Check Your Understanding, Extend Your Understanding,
done in class; Select Applications
Problems and assign N-‐Q
Number and
Quantity
Reason quantit-‐atively and use units to
solve problems
Define appropriate quantities for the
purpose of descriptive modeling.
A-‐SSE Algebra
Interpret the
structure of expressions
Interpret expressions that
represent a quantity in terms of its
context
4-‐5
N-‐Q Number and
Quantity
Use units as a way to understand problems and to
guide the solution of multi-‐step
problems; choose and interpret units consistently in formulas; choose and interpret the scale and the origin in graphs and data
displays.
2
I can identify and use the various entries in a credit card statement.
available credit, average daily balance, credit line,
finance charge, late
charges, minimum payment, monthly
periodic rate, new balance, previous balance,
transactions
Text, Section 4-‐5, pages 200-‐205
Teacher’s Resource CD, Power Point
CD
Check Your Understanding, Extend Your Understanding,
done in class; Select Applications
Problems and assign
A-‐SSE Algebra
Interpret the
structure of expressions
Interpret expressions that
represent a quantity in terms of its
context
Lorain City School District Scope, Sequence and Pacing Guides
CCSS Math You & Your Money: Financial Algebra
4-‐6
N-‐Q Number and
Quantity
Reason quantit-‐atively and use units to
solve problems
Use units as a way to understand problems and to
guide the solution of multi-‐step
problems; choose and interpret units consistently in formulas; choose and interpret the scale and the origin in graphs and data
displays.
3
I can calculate the average daily
balance using the credit calendar. I can calculate the finance charge using the credit
calendar.
Average daily balance, credit calendar
Text, Section 4-‐6, pages 206-‐210
Teacher’s Resource CD, Power Point
CD
Check Your Understanding, Extend Your Understanding,
done in class; Select Applications
Problems and assign
A-‐SSE Algebra
Interpret the
structure of expressions
Interpret expressions that
represent a quantity in terms of its
context
Time is again built into the calendar for students to collaborate on the assigned problems. The chapter assessment problems should be given to the students in advance, although the actual, graded work should be done in class. Students may work on
the assessment problems outside class, in advance, but should not be allowed to utilize their work in class during the assessment.
This is an excellent opportunity to bring in a guest speaker from a bank or credit union.
End Late 1st Quarter (20 days) Assessment 211-‐
215 select problems
Lorain City School District Scope, Sequence and Pacing Guides
CCSS Math You & Your Money: Financial Algebra
Math You & Your Money: Financial Algebra – Early 2nd Quarter
Text Section CCSS Domai
n Cluster Standard Statement Days Clear Learning Target Vocabulary Core
Resource Additional Resource Assessment
5-‐1
A-‐CED Algebra
Create equations that
describe numbers or relationships
Create equations in two or more variables
to represent relationships between
quantities; graph equations on coordinate
axes with labels and scales.
2
I can compute the cost of classified ads
for used cars. I can compute the cost of sales tax on automobiles.
Cusp, domain, piecewise
function, sales tax, split function
Text, Section 5-‐1, pages 220-‐223
Teacher’s Resource CD, Power Point CD
Check Your Understanding, Extend Your Understanding, done in class; Select Applications Problems
and assign
F-‐IF Functions
Understand the concept
of a function and use function notation
Understand that a function from one set (called the domain) to another set (called the range) assigns to
each element of the domain exactly one element of the range. If f is a
function and x is an element of its
domain, then f(x) denotes the output of f
corresponding to the input x. The graph of f is the graph of the equation y = f(x).
F-‐IF Functions
Understand the concept
of a function and use function notation
Use function notation, evaluate functions for inputs in their domains, and interpret statements that use function
notation in terms of a context.
Lorain City School District Scope, Sequence and Pacing Guides
CCSS Math You & Your Money: Financial Algebra
F-‐IF Functions
Analyze functions using
different represent-‐ations
Graph square root, cube root, and
piecewise-‐defined functions, including step functions and absolute value functions.
5-‐2
S-‐ID Statistics and
Probability
Summarize, represent,
and interpret data on a single count or measure-‐
ment variable
Use statistics appropriate to the shape of the data distribution to compare center
(median, mean) and spread
(interquartile range, standard deviation) of two or more
different data sets.
2
I can compute the mean, media, mode, range, quartiles, and interquartile range.
Arithmetic average,
ascending order, bimodal, data, descending order,
interquartile range (IQR), lower quartile, mean, measures
of central tendency, outlier,
quartiles, range, resistant, skew,
statistics, subscripts,
median, outlier, upper quartile.
Text, Section 5-‐2, pages 224-‐230
Teacher’s Resource CD, Power Point CD
Check Your Understanding, Extend Your Understanding, done in class; Select Applications Problems
and assign
S-‐ID Statistics and
Probability
Summarize, represent,
and interpret data on a single count or measure-‐
ment variable
Interpret differences in shape, center, and spread in the context of the data sets, accounting for
possible effects of extreme data points
(outliers).
S-‐ID Statistics and
Probability
Summarize, represent,
and interpret data on a single count or measure-‐
ment variable
Use the mean and standard deviation of a data set to fit it to a normal distribution and to estimate population percentages.
Recognize that there are data sets for which such a
procedure is not appropriate. Use calculators,
spreadsheets, and tables to estimate areas under the normal curve.
Lorain City School District Scope, Sequence and Pacing Guides
CCSS Math You & Your Money: Financial Algebra
5-‐3
S-‐ID Statistics and
Probability
Summarize, represent,
and interpret data on a single count or measure-‐
ment variable
Represent data with plots on the real number line (dot plots, histograms, and box plots).
3
I can create a frequency
distribution from a set of data.
I can use box-‐and-‐whisker plots and stem-‐and-‐leaf plots
to display information. I can use linear regression to negotiate the
purchase or sale of a car.
Box-‐and-‐whisker plot, boxplot, frequency, frequency distribution, modified
boxplot, stem-‐and-‐leaf plot
Text, Section 5-‐3, pages 232-‐237
Teacher’s Resource CD, Power Point CD
Check Your Understanding, Extend Your Understanding, done in class; Select Applications Problems
and assign
S-‐ID Statistics and
Probability
Summarize, represent,
and interpret data on a single count or measure-‐
ment variable
Use statistics appropriate to the shape of the data distribution to compare center
(median, mean) and spread
(interquartile range, standard deviation) of two or more
different data sets.
S-‐ID Statistics and
Probability
Summarize, represent,
and interpret data on a single count or measure-‐
ment variable
Interpret differences in shape, center, and spread in the context of the data sets, accounting for
possible effects of extreme data points
(outliers).
S-‐ID Statistics and
Probability
Summarize, represent,
and interpret data on a single count or measure-‐
ment variable
Use the mean and standard deviation of a data set to fit it to a normal distribution and to estimate population percentages.
Recognize that there are data sets for which such a
procedure is not appropriate. Use calculators,
spreadsheets, and tables to estimate areas under the normal curve.
Lorain City School District Scope, Sequence and Pacing Guides
CCSS Math You & Your Money: Financial Algebra
5-‐4
F-‐IF Functions
Analyze functions using
different represent-‐ations
Graph linear and quadratic functions and show intercepts, maxima, and minima.
3
I can explain different types of automobile
insurance coverage. I can compute insurance costs. I can compute payments on
insurance claims.
Actuary, automobile insurance, bodily injury
liability (BI), car rental insurance, claim, collision insurance,
comprehensive insurance, deductible,
emergency road service
insurance, liable, liability insurance,
negligent, no-‐fault insurance , personal injury protection (PIP),
premium, property
damage liability (PD),
surcharge, uninsured/unde
rinsured motorist protection
insurance (UMP)
Text, Section 5-‐4, pages 240-‐251
Teacher’s Resource CD, Power Point CD
Check Your Understanding, Extend Your Understanding, done in class; Select Applications Problems
and assign S-‐ID Statistics and
Probability
Interpret Linear Models
Interpret the slope (rate of change) and
the intercept (constant term) of a linear model in the context of the data.
5-‐5
A-‐CED Algebra
Create equations
that describe numbers or relationships
Create equations in two or more variables to represent
relationships between quantities; graph equations on
coordinate axes with labels and
scales. 3
I can write, interpret, and graph
a straight line depreciation equation.
Appreciate, depreciate, slope, straight
line depreciation, straight line depreciation equation
Text, Section 5-‐5, pages 245-‐251
Teacher’s Resource CD, Power Point CD
Check Your Understanding, Extend Your Understanding, done in class; Select Applications Problems
and assign
A-‐CED Algebra
Create equations
that describe numbers or relationships
Represent constraints by equations or
inequalities, and by systems of equations and/or inequalities,
and interpret
Lorain City School District Scope, Sequence and Pacing Guides
CCSS Math You & Your Money: Financial Algebra
solutions as viable or nonviable options in a modeling context.
F-‐IF Functions
Interpret functions that arise in applications in terms of the context
Calculate and interpret the average rate of change of a function (presented symbolically or as a
table) over a specified
interval. Estimate the rate of change from a
graph.
F-‐IF Functions
Analyze functions using
different represent-‐ations
Graph linear and quadratic functions and show intercepts, maxima, and minima.
F-‐IF Functions
Analyze functions using
different represent-‐ations
Compare properties of two functions each represented in a different way (algebraically, graphically, numerically in
tables, or by verbal descriptions).
F-‐LE Functions
Construct and compare linear and exponential models and
solve problems
Recognize situations in which one
quantity changes at a constant rate per
unit interval relative to another.
F-‐LE Functions
Construct and compare linear and exponential models and
solve problems
Interpret the parameters in a
linear or exponential function in terms of a
context.
Lorain City School District Scope, Sequence and Pacing Guides
CCSS Math You & Your Money: Financial Algebra
5-‐6
A-‐CED Algebra
Create equations
that describe numbers or relationships
.
Create equations in two or more variables to represent
relationships between quantities; graph equations on
coordinate axes with labels and
scales.
2
I can write, interpret, and graph an exponential depreciation equation.
I can manipulate the exponential depreciation
equation in order to determine time, original price, and depreciated value.
Dollar value, exponential decay,
exponential depreciation, historical data, historical
depreciation
Text, Section 5-‐6, pages 252-‐258
Teacher’s Resource CD, Power Point CD
Check Your Understanding, Extend Your Understanding, done in class; Select Applications Problems
and assign
A-‐CED Algebra
Create equations
that describe numbers or relationships
.
Represent constraints by equations or
inequalities, and by systems of equations and/or inequalities,
and interpret solutions as viable or nonviable options in a modeling context.
F-‐IF Functions
Analyze functions using
different represent-‐ations
Graph exponential and logarithmic functions, showing intercepts and end behavior, and trigonometric functions,
showing period, midline, and amplitude.
F-‐IF Functions
Analyze functions using
different represent-‐ations
Use the properties of exponents to
interpret expressions for exponential functions.
F-‐IF Functions
Analyze functions using
different represent-‐ations
Compare properties of two functions each represented in a different way (algebraically, graphically, numerically in
tables, or by verbal descriptions).
Lorain City School District Scope, Sequence and Pacing Guides
CCSS Math You & Your Money: Financial Algebra
F-‐LE Functions
Construct and
compare linear and exponential models and
solve problems
Interpret the parameters in a
linear or exponential function in terms of a
context.
F-‐LE Functions
Construct and
compare linear and exponential models and
solve problems
Recognize situations in which a quantity grows or decays by a constant percent rate per unit interval
relative to another.
S-‐ID Statistics and
Probability
Summarize, represent,
and interpret data on two categorical
and quantitative variables
Represent data on two quantitative
variables on a scatter plot, and describe
how the variables are related.
S-‐ID Statistics and
Probability
Summarize, represent,
and interpret data on two categorical
and quantitative variables
Fit a function to the data; use functions fitted to data to solve problems in the
context of the data.
5-‐7 A-‐CED Algebra
Create equations
that describe numbers or relationships
Rearrange formulas to highlight a
quantity of interest, using the same reasoning as in solving equations.
3
I can write, interpret and use the distance formula.
I can use the formula for the relationship
between distance, fuel economy, and
gas
Currency exchange rate, distance formula, electronic odometer,
English Standard System, fuel economy
measurement, kilometers per liter, mechanical
odometer, Metric System,
Text, Section 5-‐7, pages 259-‐267
Teacher’s Resource CD, Power Point CD
Check Your Understanding, Extend Your Understanding, done in class; Select Applications Problems
and assign
Lorain City School District Scope, Sequence and Pacing Guides
CCSS Math You & Your Money: Financial Algebra
miles per gallon, odometer,
speedometer, trip odometer
5-‐8
A-‐SSE Algebra
Interpret the
structure of expressions
Interpret complicated expressions by
viewing one or more of their parts as a single entity.
2
I can calculate reaction time and distance in the English Standard
System. I can calculate and use the braking distance in both English Standard and Metric
Systems. I can calculate and use the total
stopping distance in both the English Standard and Metric Systems.
Braking distance, reaction distance,
reaction time, thinking time, total stopping distance
Text, Section 5-‐8, pages 268-‐273
Teacher’s Resource CD, Power Point CD
Check Your Understanding, Extend Your Understanding, done in class; Select Applications Problems
and assign A-‐SSE Algebra
Write expressions
in equivalent forms to solve
problems
Choose and produce an equivalent form of an expression to reveal and explain properties of the
quantity represented by the expression.
5-‐9
A-‐REI Algebra
Understand solving equations as a process
of reasoning and explain
the reasoning
Solve simple rational and radical equations in one variable, and give examples showing how
extraneous solutions may arise.
2
I can determine the minimum skid
speed using the skid mark formula.
I can determine the minimum skid speed using the yaw mark formula.
Accident reconstructionist, anti-‐lock
braking system (ABS), braking efficiency, chord, drag factor, middle ordinate,
shallow skid mark, skid
distance, skid mark,
skid speed formula, yaw
mark
Text, Section 5-‐9, pages 274-‐282
Teacher’s Resource CD, Power Point CD
Check Your Understanding, Extend Your Understanding, done in class; Select Applications Problems
and assign
G-‐C Geometry
Find arc lengths and areas of sectors of circles
Derive using similarity the fact
that the length of the arc intercepted by an angle is proportional to the radius, and define the radian
measure of the angle as the constant of proportionality; derive the formula for the area of a
sector.
Lorain City School District Scope, Sequence and Pacing Guides
CCSS Math You & Your Money: Financial Algebra
F-‐IF Functions
Interpret functions that arise in applications in terms of the context
For a function that models a
relationship between two quantities, interpret key
features of graphs and tables in terms of the quantities, and
sketch graphs showing key features
given a verbal description of the relationship. Key
features include: intercepts; intervals where the
function is increasing,
decreasing, positive, or negative; relative maximums and minimums;
symmetries; end behavior; and periodicity
Time is again built into the calendar for students to collaborate on the assigned problems. The chapter assessment problems should be given to the students in advance, although the actual, graded work should be done in class. Students may work on the assessment problems outside class, in
advance, but should not be allowed to utilize their work in class during the assessment.
This is an excellent opportunity to bring in a guest speaker from an auto dealership or lending institution.
End Early 2nd Quarter (25 days) Selected problems pages 282-‐287
Lorain City School District Scope, Sequence and Pacing Guides
CCSS Math You & Your Money: Financial Algebra
Math You & Your Money: Financial Algebra – Early 3rd Quarter Text
Section CCSS Domain Cluster Standard Statement Days Clear Learning
Target Vocabulary Core Resource
Additional Resource Assessment
7-‐1 A-‐CED Algebra
Create equations that
describe numbers
or relation-‐ships
Represent constraints by equations or
inequalities, and by systems of equations and/or inequalities,
and interpret solutions as viable or non-viable options in a modeling context.
4
I can express tax schedules
algebraically. I can compute Federal income taxes using a tax table and tax schedule.
Head of household, Income tax, Internal Revenue Service,
married filing jointly,
married filing separately, property tax, qualifying
widower, sales tax, tax, taxable income
Text, Section 7-‐1, pages 328-‐334
Teacher’s Resource CD, Power Point CD
Check Your Understanding, Extend Your Understanding, done in class; Select Applications Problems
and assign
7-‐2
F-‐IF Functions
Understand the
concept of a function and use function notation
Understand that a function from one set (called the domain) to another set (called the range) assigns to each
element of the domain exactly one element of the
range. If f is a function and x is an element of its domain, then f(x)
denotes the output of f
corresponding to the input x. The graph of f is the graph of the equation y = f(x).
3
I can construct income tax graphs using piecewise functions derived
from tax schedules.
Flat tax, progressive tax
system, proportional tax, regressive tax schedule,
tax Bracket
Text, Section 7-‐2, pages 335-‐343
Teacher’s Resource CD, Power Point CD
Check Your Understanding, Extend Your Understanding, done in class; Select Applications Problems
and assign
F-‐IF Functions
Understand the
concept of a
function and use
Use function notation, evaluate functions for inputs in their domains, and interpret
statements that use
Lorain City School District Scope, Sequence and Pacing Guides
CCSS Math You & Your Money: Financial Algebra
function notation
function notation in terms of
a context.
F-‐IF Functions
Analyze functions using
different represent-‐ations
Graph square root, cube root, and
piecewise-‐defined functions, including step functions and absolute value functions.
F-‐IF Functions
Analyze functions using
different represent-‐ations
Write a function defined by an expression in different but
equivalent forms to reveal and explain different properties of the function.
F-‐BF Functions
Build a function that
models a relation-‐ship
between two
quantities
Determine an explicit expression, a recursive process,
or steps for calculation from a
context.
7-‐3
A-‐SSE Algebra
Interpret the
structure of
express-‐ions
Interpret expressions that
represent a quantity in terms of its context.
3
I can interpret and use the
information on a pay stub, W-‐2 form and 1099
form.
Cafeteria plan, flexible spending
account, Form 1099, Form W-‐2, gross pay,
net pay, paycheck, pay stub, take-‐home pay, tax-‐deferred
contribution, withholding
tax
Text, Section 7-‐3, pages 344-‐351
Teacher’s Resource CD, Power Point CD
Check Your Understanding, Extend Your Understanding, done in class; Select Applications Problems
and assign F-‐BF Functions
Build a function that
models a relation-‐ship
between two
Write a function that describes a relationship between two quantities
Lorain City School District Scope, Sequence and Pacing Guides
CCSS Math You & Your Money: Financial Algebra
quantities
7-‐4
A-‐SSE Algebra
Interpret the
structure of
expressions
Interpret expressions that
represent a quantity in terms of its context.
4
I can complete Form 1040EZ. I can complete Form 1040A.
Dependent, exemption, Form 1040A, Form 1040EZ, Form 1040, itemize, standard deduction
Text, Section 7-‐4, pages 352-‐364
Teacher’s Resource CD, Power Point CD
Check Your Understanding, Extend Your Understanding, done in class; Select Applications Problems
and assign A-‐CED Algebra
Create equations that
describe numbers
or relation-‐ships
Represent constraints by equations or
inequalities, and by systems of
equations and/or inequalities, and
interpret solutions as viable or nonviable options in a
modeling context.
7-‐5
A-‐SSE Algebra
Interpret the
structure of
expressions
Interpret expressions that
represent a quantity in terms of its context.
7
I can file Form 1040 with itemized deductions.
I can understand the difference between a tax credit and a tax deduction.
Form 1040, Schedule A-‐Itemized Deductions, Schedule B-‐Interest and Dividend Income, tax avoidance, tax credit, tax evasion, voluntary compliance
Text, Section 7-‐5, pages 365-‐376
Teacher’s Resource CD, Power Point CD
Check Your Understanding, Extend Your Understanding, done in class; Select Applications Problems
and assign A-‐CED Algebra
Create equations that
describe numbers
or relation-‐ships
Represent constraints by equations or
inequalities, and by systems of
equations and/or inequalities, and
interpret solutions as viable or nonviable options in a
modeling context.
Lorain City School District Scope, Sequence and Pacing Guides
CCSS Math You & Your Money: Financial Algebra
Time is again built into the calendar for students to collaborate on the assigned problems. The chapter assessment problems should be given to the students in advance, although the actual, graded work should be done in class. Students may work on
the assessment problems outside class, in advance, but should not be allowed to utilize their work in class during the assessment.
This is an excellent time for a guest speaker from the tax preparation field.
End Early 3rd Quarter (25 days) Selected problems pages 376-‐381
Lorain City School District Scope, Sequence and Pacing Guides
CCSS Math You & Your Money: Financial Algebra
Math You & Your Money: Financial Algebra – Early 4th Quarter Text
Section CCSS Domain Cluster Standard Statement Days Clear Learning
Target Vocabulary Core Resource
Additional Resource Assessment
9-‐1 F-‐IF Functions
Analyze functions using
different represent-‐ations
Use the properties of exponents to interpret
expressions for exponential functions.
2
I can calculate future values of retirement
investments that are both single deposit and periodic.
I can compare the tax savings by
making contributions to
pre-‐tax retirement savings accounts.
I can calculate an employer’s matching
contribution to a retirement account.
401K, 403B, after-‐tax
investments, individual retirement
account (IRA), Keogh plan,
retirement, Roth IRA,
semi-‐retired, tax-‐deferred, tax-‐exempt, traditional
IRA
Text, Section 9-‐1, pages 436-‐446
Teacher’s Resource CD, Power Point
CD
Check Your Understanding, Extend Your Understanding,
done in class; Select Applications
Problems and assign
9-‐2
A-‐SSE Algebra
Interpret the
structure of expres-‐sions
Interpret expressions that
represent a quantity in terms of its
context
3
I can explain the benefits paid by Social Security. I can explain how benefits are computed.
I can compute Federal income tax on benefits that are paid under Social Security.
Full-‐retirement age,
Old-‐Age, Survivors, and Disability Insurance (OASDI),
Social Security benefit, Social Security credit, Social Security statement
Text, Section 9-‐2, pages 447-‐455
Teacher’s Resource CD, Power Point
CD
Check Your Understanding, Extend Your Understanding,
done in class; Select Applications
Problems and assign A-‐CED Algebra
Create equations that
describe numbers
or relation-‐ships
Represent constraints by equations or
inequalities, and by systems of
equations and/or inequalities, and
interpret solutions as viable or nonviable options in a
Lorain City School District Scope, Sequence and Pacing Guides
CCSS Math You & Your Money: Financial Algebra
modeling context.
9-‐3 F-‐BF Functions
Build a function that
models a relation-‐ship
between two
quantities
Write a function that describes a relationship between two quantities.
2
I can calculate pension benefits using various formulas.
I can calculate pension benefits during and after vesting periods.
Consumer Price Index (CPI), cost of
living adjustment (COLA), deferred
compensation, defined benefit plan, Employee Retirement Income
Security Act, lump-‐sum payment, pension, Pension Benefit Guaranty
Corporation, Pension
Protection Act, qualified joint and survivor annuity, vested
Text, Section 9-‐3, pages 456-‐463
Teacher’s Resource CD, Power Point
CD
Check Your Understanding, Extend Your Understanding,
done in class; Select Applications
Problems and assign
9-‐4 S-‐MD Statistics
& Probability
Calculate expected values and use them to solve
problems
Define a random variable for a
quantity of interest by assigning a
numerical value to each event in a sample space; graph the
corresponding probability
distribution using the same graphical displays as for data
2
I can compute the cost of different types of life insurance.
I can explain the advantages and disadvantages of different types of life insurance.
Beneficiary, cash value, decreasing term
insurance, face value, group term life insurance, increasing term
insurance, level term insurance,
Text, Section 9-‐4, pages 464-‐471
Teacher’s Resource CD, Power Point
CD
Check Your Understanding, Extend Your Understanding,
done in class; Select Applications
Problems and assign
Lorain City School District Scope, Sequence and Pacing Guides
CCSS Math You & Your Money: Financial Algebra
distributions mortality table, permanent life insurance,
premium, term life insurance, universal life insurance, variable life insurance, whole life insurance
S-‐MD Statistics
& Probability
Calculate expected values and use them to solve
problems
Calculate the expected value of a random variable; interpret it as the mean of the probability distribution.
S-‐MD Statistics
& Probability
Calculate expected values and use them to solve
problems
Develop a probability
distribution for a random variable
defined for a sample space in which probabilities are
assigned empirically; find the expected value.
S-‐MD Statistics
& Probability
Calculate expected values and use them to solve
problems
Weigh the possible outcomes of a decision by assigning
probabilities to payoff values and finding expected
values.
Time is again built into the calendar for students to collaborate on the assigned problems. The chapter assessment problems should be given to the students in advance, although the actual, graded work should be done in class. Students may work on the assessment problems outside class, in advance, but should not be
allowed to utilize their work in class during the assessment. This is an excellent opportunity to bring in a guest speaker who is an insurance agent or financial planner.
End Early 4th Quarter (15 days) Selected problems pages 472-‐479
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