financial mathematics
DESCRIPTION
Financial Mathematics. Office Worker - Bob. Salary $100,000. Get into groups of 3-4. Choose a name for your group. Station A. Pick up a card from station A and calculate Bob’s salary after income tax. Put your answer on the sheet at the front of the class. Station B. - PowerPoint PPT PresentationTRANSCRIPT
![Page 1: Financial Mathematics](https://reader036.vdocuments.us/reader036/viewer/2022062723/56813ebb550346895da9225d/html5/thumbnails/1.jpg)
Financial Mathematics
![Page 2: Financial Mathematics](https://reader036.vdocuments.us/reader036/viewer/2022062723/56813ebb550346895da9225d/html5/thumbnails/2.jpg)
Office Worker - Bob
Salary$100,000
![Page 3: Financial Mathematics](https://reader036.vdocuments.us/reader036/viewer/2022062723/56813ebb550346895da9225d/html5/thumbnails/3.jpg)
Choose a name for your group.
Get into groups of 3-4
![Page 4: Financial Mathematics](https://reader036.vdocuments.us/reader036/viewer/2022062723/56813ebb550346895da9225d/html5/thumbnails/4.jpg)
Pick up a card from station A and calculate Bob’s salary after income tax.
Put your answer on the sheet at the front of the class.
Station A
![Page 5: Financial Mathematics](https://reader036.vdocuments.us/reader036/viewer/2022062723/56813ebb550346895da9225d/html5/thumbnails/5.jpg)
Pick up a card from station B and calculate Bob’s savings.
Put the interest saved on the sheet at the front of the class.
Station B
![Page 6: Financial Mathematics](https://reader036.vdocuments.us/reader036/viewer/2022062723/56813ebb550346895da9225d/html5/thumbnails/6.jpg)
Funny Moneyman Credit Card Game Show
http://www.youtube.com/watch?v=g6_YvIhPKMk
Credit card information
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Bob buys a car for $5,000
Station C
Pick up a card from Station C to calculate how much he paid.
Put your answer on the sheet at the front of the class as a negative amount.
![Page 8: Financial Mathematics](https://reader036.vdocuments.us/reader036/viewer/2022062723/56813ebb550346895da9225d/html5/thumbnails/8.jpg)
Which ‘Bob’ group is currently worth the most?
![Page 9: Financial Mathematics](https://reader036.vdocuments.us/reader036/viewer/2022062723/56813ebb550346895da9225d/html5/thumbnails/9.jpg)
Bob buys a house.
Station D
Pick up a card from Station D to calculate the profit of the house.
Put your answer on the sheet at the front of the class.
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Bob decides to go on holiday…he buys a tent.
Station E
Pick up a card from station E. How much did he pay for the tent? Put your answer on the sheet at the
front of the class as a minus.
$730
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Which group has saved the most and why?
• You all had an annual salary of
$100,000.
• You all bought a car worth $5,000 and a tent worth $730.
• You all bought a house worth $500,000.
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In groups, make another question for a new station.
Discuss the probability of picking the most profitable card at each station.
What are common errors made when spending/budgeting?
Finally
![Page 13: Financial Mathematics](https://reader036.vdocuments.us/reader036/viewer/2022062723/56813ebb550346895da9225d/html5/thumbnails/13.jpg)
Next week we will be starting probability…
Probability….