Elements of Consumer Math - Continental Academy

Elements of

Consumer Math

By: Leon Kriston v 1.0

Elements of Consumer Mathematics

INSTRUCTIONS Welcome to your Continental Academy course "Elements of Consumer Math". It is made up of 11 individual lessons, as listed in the Table of Contents. Each lesson includes practice questions with answers. You will progress through this course one lesson at a time, at your own pace. First, study the lesson thoroughly. Then, complete the lesson reviews at the end of the lesson and carefully check your answers. Sometimes, those answers will contain information that you will need on the graded lesson assignments. When you are ready, complete the 10-question, multiple choice lesson assignment. At the end of each lesson, you will find notes to help you prepare for the online assignments. All lesson assignments are open-book. Continue working on the lessons at your own pace until you have finished all lesson assignments for this course. When you have completed and passed all lesson assignments for this course, complete the End of Course Examination. If you need help understanding any part of the lesson, practice questions, or this procedure:

Click on the "Send a Message" link on the left side of the home page Select "Academic Guidance" in the "To" field Type your question in the field provided Then, click on the "Send" button You will receive a response within ONE BUSINESS DAY

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Elements of Consumer Mathematics

About the Author...

Leon Kriston is a true Midwesterner. He was a Chicago suburb resident whose education was also received in the mid west. He has a B.S. in Mathematics from Purdue University and a J.D. degree from Illinois Institute of Technology / ChicagoKent College of Law. Mr. Kriston taught for 30+ years at Bloom Township High School, where he became a Dean. He also taught both Mathematics and Law courses at Prairie State and South Suburban colleges. While he did all this, Mr. Kriston managed a career in the practice of Real Estate Law.

He then retired and moved to South Florida where he currently resides and tutors math students.

Elements of Consumer Math MA30 Editor: Leon Kriston

Copyright 2008 Home School of America, Inc. ALL RIGHTS RESERVED

The Continental Academy National Standard Curriculum Series Published by:

Continental Academy 3241 Executive Way Miramar, FL 33025

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Elements of Consumer Mathematics Development of skills in problem solving, communication, reasoning, and connections as related to consumer services and personal financial management.

Student will understand numbers, ways of representing numbers, relationships among numbers, and number systems

Students will compute fluently and make reasonable estimates Students will solve problems the arise in mathematics and in arguments

about its relationship Student will know how to apply transformations and use symmetry Student will understand patterns, relations, and functions Student will use the language of mathematics to express mathematical

ideas precisely Students will solve problems that arise in mathematics and in other

contexts

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Elements of Consumer Mathematics

TABLE OF CONTENTS Lesson Lesson 1: Personal Finance

Page 7

Lesson 2: Personal Income/Tax

15

Lesson 3: Retirement

27

Lesson 4: Budgeting

33

Lesson 5: Purchase and Sale of Goods and Services

41

Lesson 6: Cost of Credit

51

Lesson 7: Banking Services

61

Lesson 8: Investments

75

Lesson 9: Insurance

89

Lesson 10: Housing--Rental & Ownership

99

Lesson 11: Automobile Ownership and Leasing

115

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