• No Class on Monday Jan. 15.
  • All students are expected to watch and take notes on the videos of Chapter 21 before 9:00am January 17.
  • We will work on Chapter 21 Worksheet in class on Wednesday January 17.
  • We will work on Project 2 on Wednesday January 17 and Friday January 19.
  • Friday January 19 will be used for working on Project 2, Chapter 21 homework and Chpater Quizzes.
  • This is a flipped classroom (i.e. part online and part in classroom). There will be NO in class lectures!

Chapter 21 Savings Model Videos and Lecture Notes

Videos and lecture notes are based on the 9th ed. textbook. The 9th or 10th edition of the textbook can be used for this course. All material covered is the same and independent of textbook editions.
Textbook
Readings 		Video
9th ed. 		Lecture Notes
9th ed.
21.1 Arithmetic Growth and Simple Interest
9th ed. pages 767 - 769
10th ed. pages 870 - 872
Section 21.1
Video		 Section 21.1
Lecture notes
21.2 Geometric Growth and Compound Interest 9th ed.
21.2 Geometric Growth and Compound Interest 10th ed. and
21.3 Effective Rate and APY 10th ed.
9th ed. pages 769 - 777
10th ed. pages 872 - 880 (new section 21.3 Effective Rate and APY)
Section 21.2
Video		 Section 21.2
Lecture notes
21.3 A Limit to Compounding 9th ed.
21.4 A Limit to Compounding 10th ed.
9th ed. pages 778 - 780
10th ed. pages 880 - 882
Section 21.3
Video		 Section 21.3
Lecture notes
21.4 A Model for Saving 9th ed.
21.5 A Model for Saving 10th ed.
9th ed. pages 780 - 784
10th ed. pages 882 - 888 (new subsection Present Value)
Section 21.4
Video		 Section 21.4
Lecture notes
21.5 Present Value and Inflation 9th ed.
21.6 Inflation 10th ed.
9th ed. pages 784 - 788
10th ed. pages 888 - 895 (includes Present Value)
Section 21.5
Video		 Section 21.5
Lecture notes
The 10th ed. of textbook added a new section 21.3 Effective Rate and APY. This material was included in section 21.2 Geometric Growth and Compound Interest of the 9th ed. and all material is coverd in 21.2 videos and lecture notes. The 10th ed. of the textbook split the material on Present Value between sections 21.5 10th ed. A Model for Savings and 21.6 10th ed. Inflation. This material is coverd in 21.5 videos and lecture notes.

Chapter 21 Objectives (Skills)

  • Apply the simple interest formula to calculate the balance of a savings account.
  • Apply the compound interest formula to calculate the balance of a savings account.
  • Describe the difference between arithmetic and geometric growth.
  • Calculate the APY for a compound interest account.
  • Calculate the APY for a compound interest account.
  • Use the savings formula or payment formula to determine required deposits into a sinking fund.
  • Calculate depreciation of a financial asset, given a negative growth rate.
  • Use the Consumer Price Index to find the current cost of goods.

Quiz 6 Chapter 21 (Sakai-> Tests & Quizzes)

  • The quiz for Chapter 21 will be available from 11:00am Jan. 17 - 11:00am Jan. 19.
  • The quiz will consist of 10 multiple choice questions.
  • You will have a maximum of four hours to complete the quiz.
  • You will be allow two tries. The computer will accept the best score.
  • Failure to take the quiz by 11:00am Jan. 19 will be given a zero. No exceptions!

Homework Assignments

The 9th or 10th edition of the textbook can be used for this course. All material covered is the same and independent of textbook editions. Homework problems between editions are the same. The homework assignments must be neatly prepared and handed in by 11:00am in class on the due date. We will spend class time doing homework problems. I will provide helpful suggestions, do similar problems, and give hints on all homework. Please do not ask to submit late homework. I will not accept them! I will not accept homework without worked out problems. Homework assignments with answers only will be given a zero. You must show the work for credit. You should do a similar odd problem to make sure you understand the homework. Each homework problem (or answer) is worth 1. Problems with multiple parts (or require multiple answers), will have each part (or answer) worth 1. Each homework assignment is worth 10 points. For example, if an assignments has 18 problems (counting multiple parts e.g. 3a, 3b, 3c 3d would count as 4 problems or if a problem requires 2 answers that would count as 2) and you miss 2 problems, your homework score is 16/18 = 8.9 points.

  • Due by 11:00 am Friday Jan. 19

9th ed. 3, 11, 13, 25, 26, 40, 53, 54, 55, 56 pages 795 - 800
10th ed. 3, 6, 21, 31, 32, 46, 59, 60, 61, 62 pages 899 - 904

Chapter worksheets (In-class)

The worksheets are designed to help you understand material and are aligned with the Learning Outcomes to provide practice and feedback. All students are expected to watch and take notes on the videos of the chapters before class. This is a flipped classroom (i.e. part online and part in classroom). There will be NO in class lectures! In class, we will work on homework problems, briefly discuss topics, interact with each other, and do the in class worksheets. Each worksheet will have 15 questions each worth 1 point (partial credit is possible). Worksheets with answers only will be given a zero. You must show the work for credit. Failure to watch the chapter videos and take notes, will make the worksheets very difficult for you. No make-ups allowed. Do not ask to submit late worksheets.

  • Due by 11:00 am Wednesday Jan. 17

James Baglama

Email: jbaglama(AT)uri.edu
Office hours: By appointment
Office: Lippitt Hall 200D
Phone: (401) 874-2709

For All Practical Purposes For All Practical Purposes

For All Practical Purposes

The textbook for the course can be either 9th or 10th edition.
For All Practical Purposes, 9th edition by COMAP
OR
For All Practical Purposes, 10th edition by COMAP

Videos and lecture notes are based on the 9th ed. textbook. The 9th or 10th edition of the textbook can be used for this course. All material covered is the same and independent of textbook editions. The course does NOT use any material/resources form the Publisher's online system LaunchPad.

Student Resources (Publisher)

Math Applets and suggested websites are very helpful resources.

URI General Education Course

General Education program 2016 (GE): This course fully satisfies both the general education Knowledge area A1: Scientific, Technology, Engineering, and Mathematical Disciplines (STEM) and Competency area B3: Mathematical, Statistical, or Computational Strategies (MSC).
General education program 2001 - 2015 (MQ): This course satisfies the general education requirement for Mathematical and Quantitative Reasoning.

Course Description

LEC: (3 crs.) Introduces students to the spirit of mathematics and its applications. Emphasis is on development of reasoning ability as well as manipulative techniques. (Lec. 3/Online) Not open to students with credit in MTH 106 or MTH 109 and not for major credit in mathematics. (MQ)/(GE)

Course Goals

The goal of this course is to prepare you for the mathematical and analytical aspects of the world around you, and to help you develop a stronger, deeper mathematical knowledge. This course is intended for students majoring in the liberal arts or other fields that do not have a specific mathematical requirement.

Special Needs

Any student with a documented disability should contact your instructor early in the semester so that he or she may work out reasonable accommodations with you to support your success in this course. Students should also contact Disability Services for Students: Onlinece of Student Life, 330 Memorial Union, 874-2098. They will determine with you what accommodations are necessary and appropriate. All information and documentation is confidential.

Incomplete Grade

University of Rhode Island regulations concerning incomplete grades will be followed. See University Manual sections 8.53.20 and 8.53.21 for details.

Religious holidays

It is the policy of the University of Rhode Island to accord students, on an individual basis, the opportunity to observe their traditional religious holidays. Students desiring to observe a holiday of special importance must provide written notification to each instructor.

Makeup Policy

Assignments and quizzes are available for multiple days. Deadlines are given on all assignments. Missed deadlines will require documentation and the University Manual sections 8.51.10 to 8.51.14 will be followed.

Academic Integrity

Cheating is defined in the University Manual section 8.27.10 as the claiming of credit for work not done independently without giving credit for aid received, or any unauthorized communication during examinations. Students are expected to be honest in all academic work. The resolution of any charge of cheating or plagiarism will follow the guideline set forth in the University Manual 8.27.10-8.27.20, http://www.uri.edu/facsen/8.20-8.27.html. Online quizzes must be done independently. Suspicious scores may require additional explanation.