Embedded Files
Course Details:
Course Details:
Grades: 9-12
Length: one or two semesters
Credit: 0.5 per semester
Prerequisite: Algebra 1
Course Description:
Course Description:
Algebra for Finance 1A/1B applies computational skills to real world consumer situations. The content includes: algebra, linear equations and inequalities, graphing, exponential growth, present and future value of money, interest (simple/compound), credit cards (credit scores, finance charges, deferred payments, etc.), mortgages (fees, points, expenses, interest, fixed/adjustable interest rates, balloon payments, etc.), personal budgets, cash management strategies, net worth calculations, debt payoff, tax forms with tax tables, insurance (options, fees, expenses, etc.), retirement plans (savings, IRA's, ROTH, annuities, etc.), and stocks (gains, losses, selling, preferred/common stock, bonds).
Students can take Algebra for Finance 1B without taking Algebra for Finance 1A.
Mathematical Topics
Mathematical Topics
(Recommended Order)
Semester 1
Semester 1
(Algebra for Finance 1A)
Discretionary Expenses
Banking Services
Consumer Credit
Automobile Ownership
Employment Basics
Income Taxes
Semester 2
Semester 2
(Algebra for Finance 1B)
Independent Living
The Stock Market
Modeling a Business
Planning for Retirement
Prepare a Budget
Course/ Grade Competencies
Course/ Grade Competencies
Semester 1
Semester 1
(Algebra for Finance 1A)
M1.9-12.1: The learner will write, apply, and provide a rationale for a mathematical model representing a given situation.
M1.9-12.2: The learner will interpret and use symbols to express relationships and justify reasoning when solving problems.
M2.9-12.1: The learner will justify how to apply properties of real number systems to variable expressions in a variety of contexts.
M3.9-12.1: The learner will use computational strategies and algorithms and provide rationale for their use.
M3.9-12.2: The learner will reason quantitatively when analyzing, representing, and solving problems.
M3.9-12.3: The learner will compare the effectiveness or logic of two plausible arguments or models.
M4.9-12.1: The learner will provide rationale for solving measurement problems that require making conversions among various units and measurement systems, or applying the effect of a scale factor.
M5.9-12.1: The learner will apply properties of arithmetic and algebra to simplify and manipulate symbolic expressions or models.
M5.9-12.2: The learner will write and apply algebraic modes to represent and answer questions about a given situation.
M5.9-12.3: The learner will interpret, analyze, and use relations and functions applied in a variety of contexts, including real-world phenomena.
M5.9-12.4: The learner will analyze relations and functions, using multiple representations.
M6.9-12.1: The learner will apply geometric theorems and postulates to solve problems, create arguments, and support their reasoning.
M7.9-12.1: The learner will formulate questions to clarify the problem at hand and formulate one (or more) questions that can be answered with data.
M7.9-12.3: The learner will summarize data using appropriate statistics.
M7.9-12.4: The learner will select appropriate graphical and numerical methods, and use these methods to represent the data in a way that supports interpretation.
M7.9-12.5: The learner will interpret descriptive statistics and linear models within the context of the data and the original question.
M7.9-12.6: The learner will apply probability concepts to analyze and evaluate potential decisions and strategies.
Semester 2
Semester 2
(Algebra for Finance 1B)
M1.9-12.1: The learner will write, apply, and provide a rationale for a mathematical model representing a given situation.
M1.9-12.2: The learner will interpret and use symbols to express relationships and justify reasoning when solving problems.
M2.9-12.1: The learner will justify how to apply properties of real number systems to variable expressions in a variety of contexts.
M3.9-12.1: The learner will use computational strategies and algorithms and provide rationale for their use.
M3.9-12.2: The learner will reason quantitatively when analyzing, representing, and solving problems.
M3.9-12.3: The learner will compare the effectiveness or logic of two plausible arguments or models.
M5.9-12.1: The learner will apply properties of arithmetic and algebra to simplify and manipulate symbolic expressions or models.
M5.9-12.2: The learner will write and apply algebraic modes to represent and answer questions about a given situation.
M5.9-12.3: The learner will interpret, analyze, and use relations and functions applied in a variety of contexts, including real-world phenomena.
M5.9-12.4: The learner will analyze relations and functions, using multiple representations.
M5.9-12.5: The learner will identify, build, and perform operations on relations and functions and justify their reasoning.
M6.9-12.3: The learner will create and use a formal geometric construction, using appropriate tools, to illustrate geometric properties.
M7.9-12.1: The learner will formulate questions to clarify the problem at hand and formulate one (or more) questions that can be answered with data.
M7.9-12.2: The learner will design and implement a plan to collect the appropriate data to answer the statistical question.
M7.9-12.3: The learner will summarize data using appropriate statistics.
M7.9-12.4: The learner will select appropriate graphical and numerical methods, and use these methods to represent the data in a way that supports interpretation.
M7.9-12.5: The learner will interpret descriptive statistics and linear models within the context of the data and the original question.
M7.9-12.6: The learner will apply probability concepts to analyze and evaluate potential decisions and strategies.
Discretionary Expenses
Discretionary Expenses
Graduate-Level Competency:
Graduate-Level Competency:
M1 – Symbolic Expression: The learner will be able to reason abstractly and utilize symbolic expressions and mathematical models.
M2 – Numbers and Number Systems: The learner will develop an applied knowledge of numbers and number systems to solve problems.
M4 - Measurement: The learner will explain reasoning when applying and modeling geometric principles.
M5 – Algebraic Functions, Patterns and Relations: The learner will utilize patterns, relations, and functions to compare, interpret, and analyze situations.
M7 – Data, Analysis, Probability, and Statistics: The learner will apply statistical methods to summarize, represent, analyze, and interpret data.
Course/ Grade Competencies:
Course/ Grade Competencies:
M2.9-12.1
M7.9-12.1
M7.9-12.3
M7.9-12.4
Content Objectives:
Content Objectives:
Discretionary & Essential Expenses:
Must be Covered:
The learner will:
Identify the difference between essential and discretionary expenses.
Determine the mean, median, and mode of a data set.
Use sigma notation to represent and determine the mean of a data set.
Create and interpret a frequency distribution table.
Can be Covered:
The learner will:
Determine the mean, median, and mode of a data set presented in a frequency distribution table.
Standards:
Standards:
AKSS
A-SSE.1, A-CED.1.
A-CED.2, A-CED.4.
A-REI.1, F-IF.5.
F-LE.2, F-LE.1
Mathematical Practices
Make sense of problems and persevere in solving
them.
Reason abstractly and quantitatively.
Use appropriate tools
strategically.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.1
M2.9-12.1
M5.9-12.4
Content Objectives:
Content Objectives:
Travel Expenses:
Must be Covered:
The learner will:
Determine and interpret cumulative frequency.
Determine and interpret relative frequency.
Determine and interpret relative cumulative frequency.
Determine and interpret percentiles.
Standards:
Standards:
AKSS
A-SSE.1, A-CED.2.
A-CED.3, A-CED.4
Mathematical Practices
Reason abstractly and
quantitatively
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.1
M2.9-12.1
M5.9-12.4
Content Objectives:
Content Objectives:
Vacation Expenses:
Must be Covered:
The learner will:
Measure dispersion using standard deviation units.
Compute z-scores.
Find percentages using the normal curve.
Compute raw scores using z-scores.
Standards:
Standards:
AKSS
A-SSE.1, A-CED.2.
A-CED.4
Mathematical Practices
Use appropriate tools
strategically.
Course/ Grade Competencies:
Course/ Grade Competencies:
M4.9-12.1
M7.9-12.3
M7.9-12.4
M7.9-12.6
Content Objectives:
Content Objectives:
Personal Expenses:
Must be Covered:
The learner will:
Graph bivariate data.
Interpret patterns and trends based on data.
Construct a scatter plot.
Fit a linear regression equation to a scatter plot.
Determine the linear regression equation.
Find and interpret the correlation coefficient.
Make predictions based on lines of best fit.
Standards:
Standards:
AKSS
A-SSE.1, A-CED.1.
A-CED.4, A-REI.1.
A-REI.10, F-IF.5.
F-IF.6, F-IF.7.
F-LE.2, F-LE.1
Mathematical Practices
Reason abstractly and
quantitatively
Use appropriate tools
strategically.
Suggested Activities, Materials, and Resources:
Suggested Activities, Materials, and Resources:
Students plan their #1 bucket list vacation.
Guest speaker from a travel agency.
Banking Services
Banking Services
Graduate-Level Competency:
Graduate-Level Competency:
M1 – Symbolic Expression: The learner will be able to reason abstractly and utilize symbolic expressions and mathematical models.
M2 – Numbers and Number Systems: The learner will develop an applied knowledge of numbers and number systems to solve problems.
M3 – Reasoning and Strategic Thinking: The learner will use evidence to support authentic application of concepts and support mathematical arguments.
M4 - Measurement: The learner will explain reasoning when applying and modeling geometric principles.
M5 – Algebraic Functions, Patterns and Relations: The learner will utilize patterns, relations, and functions to compare, interpret, and analyze situations.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.1
M1.9-12.2
M2.9-12.1
Content Objectives:
Content Objectives:
Checking Accounts:
Must be Covered:
The learner will:
Explain how checking accounts work.
Complete a check register.
Standards:
Standards:
AKSS
A-SSE.1, A-CED.4
Mathematical Practices
Make sense of problems and persevere in solving
them. Attend to precision.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.2
M5.9-12.1
Content Objectives:
Content Objectives:
Reconcile a Bank Statement:
Must be Covered:
The learner will:
Reconcile a checking account with a bank statement.
Can be Covered:
The learner will:
Reconcile a checking account with a bank statement using a spreadsheet.
Standards:
Standards:
AKSS
A-SSE.1, A-CED.4.
Mathematical Practices
Make sense of problems and persevere in solving
them. Attend to precision.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.1
Content Objectives:
Content Objectives:
Savings Account:
Must be Covered:
The learner will:
Define the basic vocabulary of savings accounts.
Compute simple interest using the simple interest formula.
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.4.
A-CED.1, A-CED.2.
A-REI.1.
Mathematical Practices
Make sense of problems and persevere in solving
them. Attend to precision.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.2
M2.9-12.1
Content Objectives:
Content Objectives:
Explore Compound Interest:
Must be Covered:
The learner will:
Explain the concept of getting interest on your interest.
Compute compound interest using a table.
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.4.
A-CED.2, F-LE.2
Mathematical Practices
Attend to precision.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.1
M2.9-12.1
Content Objectives:
Content Objectives:
Compound Interest Formula:
Must be Covered:
The learner will:
Understand the derivation of the compound interest formula.
Make computations using the compound interest formula.
Standards:
Standards:
AKSS
A-SSE.4, A-CED.2
Mathematical Practices
Make sense of problems and persevere in solving
them. Attend to precision.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.1
M1.9-12.2
M2.9-12.1
Content Objectives:
Content Objectives:
Continuous Compounding:
Must be Covered:
The learner will:
Compute interest on an account that is continuously compounded.
Standards:
Standards:
AKSS
A-SSE.1., A-SSE.4.
A-CED.2
Mathematical Practices
Make sense of problems and persevere in solving
them. Attend to precision.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.1
M1.9-12.2
M2.9-12.1
M5.9-12.1
Content Objectives:
Content Objectives:
Future Value of Investments:
Must be Covered:
The learner will:
Calculate the future value of a periodic investment.
Graph the future value function.
Interpret the graph of the future value function.
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.4.
A-CED.2, F-IF.5.
F-IF.7, F-LE.2.
F-LE.1
Mathematical Practices
Reason abstractly and
Quantitatively. Attend to precision.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.2
M2.9-12.1
M5.9-12.1
Content Objectives:
Content Objectives:
Present Value of Investment:
Must be Covered:
The learner will:
Calculate the present value of a single deposit investment.
Calculate the present value of a periodic deposit investment.
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.4.
A-CED.2.
Mathematical Practices
Attend to precision.
Course/ Grade Competencies:
Course/ Grade Competencies:
M3.9-12.1
M3.9-12.3
Content Objectives:
Content Objectives:
The Term of a Single Deposit Amount:
Must be Covered:
The learner will:
Construct exponential and logarithmic models of a situation.
Evaluate logarithms.
Express exponential models as logarithms.
Demonstrate use of the change-of-base formula.
Evaluate common and natural logarithms.
Standards:
Standards:
AKSS
A-SSE.1, A-CED.4.
F-LE.2, F-LE.4.
F-LE.1
Mathematical Practices
Make sense of problems and persevere in solving
them. Use appropriate tools
strategically.
Course/ Grade Competencies:
Course/ Grade Competencies:
M3.9-12.1
M3.9-12.3
M4.9-12.1
Content Objectives:
Content Objectives:
Must be Covered:
The learner will:
Demonstrate use of the Change-of-Base Formula.
Explain and apply the One-to-One Property.
Explain and apply the Power Property.
Determine the term of systematic savings.
Determine the term of systematic withdrawal.
Standards:
Standards:
AKSS
A-SSE.1, A-CED.3.
A-CED.4.
Mathematical Practices
Use appropriate tools
strategically.
Suggested Activities, Materials, and Resources:
Suggested Activities, Materials, and Resources:
Guest speaker – banker or investment manager
Simulated bank reconciliation
Consumer Credit
Consumer Credit
Graduate-Level Competency:
Graduate-Level Competency:
M1 – Symbolic Expression: The learner will be able to reason abstractly and utilize symbolic expressions and mathematical models.
M2 – Numbers and Number Systems: The learner will develop an applied knowledge of numbers and number systems to solve problems.
M3 – Reasoning and Strategic Thinking: The learner will use evidence to support authentic application of concepts and support mathematical arguments.
M4 - Measurement: The learner will explain reasoning when applying and modeling geometric principles.
M5 – Algebraic Functions, Patterns and Relations: The learner will utilize patterns, relations, and functions to compare, interpret, and analyze situations.
M7 – Data, Analysis, Probability, and Statistics: The learner will apply statistical methods to summarize, represent, analyze, and interpret data.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.2
M2.9-12.1
Content Objectives:
Content Objectives:
Introduction to Consumer Credit:
Must be Covered:
The learner will:
Define basic credit terms.
Identify types of lending institutions.
Compute finance charges for installment purchases.
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.4.
A-CED.1, A-REI.1
Mathematical Practices
Use appropriate tools
strategically.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.2
M3.9-12.2
M5.9-12.3
Content Objectives:
Content Objectives:
Loans:
Must be Covered:
The learner will:
Read monthly payments from a table.
Compute monthly payments using a formula.
Compute finance charges on loans.
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.4.
A-CED.2
Mathematical Practices
Make sense of problems and persevere in solving them. Attend to precision.
Use appropriate tools strategically.
Course/ Grade Competencies:
Course/ Grade Competencies:
M3.9-12.3
M5.9-12.3
Content Objectives:
Content Objectives:
Student Loans:
Must be Covered:
The learner will:
Explain the options available for student loans.
Calculate the interest due in various student loan situations.
Apply the simplified daily interest formula.
Can be Covered:
The learner will:
Learn about interest capitalization.
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.4.
A-CED.1, A-REI.1
Mathematical Practices
Make sense of problems and persevere in solving
them. Reason abstractly and quantitatively
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.2
M7.9-12.1
M7.9-12.4
Content Objectives:
Content Objectives:
Loan Calculations and Regression:
Must be Covered:
The learner will:
Determine the interest on a loan given the principle, time, and annual percentage rate (APR).
Use the logarithmic loan length formula to determine the term of a loan.
Use regression to determine the curve of best fit using data from a loan table.
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.4.
A-CED.2, A-CED.3.
A-CED.4, F-LE.2.
F-LE.1, F-LE.4
Mathematical Practices
Make sense of problems and persevere in solving
them. Reason abstractly and quantitatively
Use appropriate tools
strategically.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.2
M3.9-12.1
Content Objectives:
Content Objectives:
Credit Cards:
Must be Covered:
The learner will:
Define the basic vocabulary of credit cards.
Compute an average daily balance.
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.4.
A-CED.1., A-CED.2.
A-REI.1, F-IF.6
Mathematical Practices
Use appropriate tools
strategically.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.2
M3.9-12.1
Content Objectives:
Content Objectives:
Credit Card Statement:
Must be Covered:
The learner will:
Identify and use the various entries in a credit card statement.
Standards:
Standards:
AKSS
A-REI.1.
Mathematical Practices
Attend to precision.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.2
M3.9-12.1
M4.9-12.1
Content Objectives:
Content Objectives:
Average Daily Balance:
Must be Covered:
The learner will:
Calculate the average daily balance using the credit calendar.
Calculate the finance charge using the credit calendar.
Can be Covered:
The learner will:
Learn about negative amortization.
Standards:
Standards:
AKSS
A-SSE.1, A-CED.1.
A-CED.2, A-REI.1.
Mathematical Practices
Attend to precision.
Use appropriate tools
strategically.
Suggested Activities, Materials, and Resources:
Suggested Activities, Materials, and Resources:
Compare credit card rates and benefits.
Automobile Ownership
Automobile Ownership
Graduate-Level Competency:
Graduate-Level Competency:
M1 – Symbolic Expression: The learner will be able to reason abstractly and utilize symbolic expressions and mathematical models.
M2 – Numbers and Number Systems: The learner will develop an applied knowledge of numbers and number systems to solve problems.
M3 – Reasoning and Strategic Thinking: The learner will use evidence to support authentic application of concepts and support mathematical arguments.
M4 - Measurement: The learner will explain reasoning when applying and modeling geometric principles.
M5 – Algebraic Functions, Patterns and Relations: The learner will utilize patterns, relations, and functions to compare, interpret, and analyze situations.
M6 - Geometry: The learner will solve problems involving spatial reasoning and model geometric concepts in applied contexts.
M7 – Data, Analysis, Probability, and Statistics: The learner will apply statistical methods to summarize, represent, analyze, and interpret data.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.1
M2.9-12.1
Content Objectives:
Content Objectives:
Automobile Ads:
Must be Covered:
The learner will:
Compute the cost of classified ads for used cars.
Compute the cost of sales tax on automobiles.
Standards:
Standards:
AKSS
A-SSE.1, A-CED.1.
A-CED.2, A-REI.1.
Mathematical Practices
Attend to precision.
Course/ Grade Competencies:
Course/ Grade Competencies:
M7.9-12.3
M7.9-12.4
M7.9-12.5
Content Objectives:
Content Objectives:
Automobile Transactions:
Must be Covered:
The learner will:
Compute quartiles and interquartile range.
Create a frequency distribution from a set of data.
Use box-and-whisker plots and stem-and-leaf plots to display information.
Can be Covered:
The learner will:
Use a modified box plot.
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.4.
A-CED.2, A-CED.4.
F-IF.4, F-IF.5.
F-LE.2.
Mathematical Practices
Use appropriate tools
strategically.
Course/ Grade Competencies:
Course/ Grade Competencies:
M2.9-12.1
M7.9-12.5
Content Objectives:
Content Objectives:
Automobile Insurance:
Must be Covered:
The learner will:
Identify different types of auto insurance coverage.
Compute insurance costs.
Compute payments on insurance claims.
Can be Covered:
The learner will:
Learn about emergency road service insurance.
Learn about car rental insurance.
Standards:
Standards:
AKSS
A-SSE.1, A-CED.1.
A-CED.2, A-CED.3.
A-CED.4, A-REI.1.
F-IF.4.
Mathematical Practices
Make sense of problems and persevere in solving
them. Attend to precision.
Course/ Grade Competencies:
Course/ Grade Competencies:
M7.9-12.3
M7.9-12.4
M7.9-12.5
M7.9-12.6
Content Objectives:
Content Objectives:
Probability – The Basis of Insurance:
Must be Covered:
The learner will:
Explain how to interpret two-way tables.
Compute conditional probabilities based on two-way tables.
Determine if two events are independent.
Interpret Venn diagrams.
Create Venn diagrams
Standards:
Standards:
AKSS
A-SSE.1, A-CED.2.
A-CED.4, F-IF.4.
F-LE.2
Mathematical Practices
Reason abstractly and
Quantitatively. Use appropriate tools strategically.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.2
Content Objectives:
Content Objectives:
Linear Automobile Depreciation:
Must be Covered:
The learner will:
Write, interpret, and graph a straight line depreciation equation.
Standards:
Standards:
AKSS
A-CED.1, A-REI.1.
A-REI.3, A-REI.10.
F-IF.6, F-LE.2
Mathematical Practices
Attend to precision.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.1
M1.9-12.2
M2.9-12.1
M3.9-12.1
M3.9-12.3
Content Objectives:
Content Objectives:
Historical and Exponential Depreciation:
Must be Covered:
The learner will:
Write, interpret, and graph and exponential depreciation equation.
Manipulate the exponential depreciation equation in order to determine time, original price, and depreciated value.
Can be Covered:
The learner will:
Learn about geometric sequences.
Learn about geometric progression.
Standards:
Standards:
AKSS
A-SSE.4, A-CED.2.
A-CED.3, A-CED.4.
F-IF.4, F-IF.7.
F-LE.2, F-LE.1.
Mathematical Practices
Make sense of problems and persevere in solving
them. Reason abstractly and quantitatively. Use appropriate tools strategically.
Course/ Grade Competencies:
Course/ Grade Competencies:
M4.9-12.1
Content Objectives:
Content Objectives:
Driving Data:
Must be Covered:
The learner will:
Write, interpret, and use the distance formula.
Use the formula for the relationship between distance, fuel economy, and gas usage.
Can be Covered:
The learner will:
Will learn about the currency exchange rate.
Standards:
Standards:
AKSS
A-SSE.1, A-CED.2.
A-CED.3, A-CED.4.
F-IF.4, F-IF.6.
Mathematical Practices
Make sense of problems and persevere in solving
them.
Course/ Grade Competencies:
Course/ Grade Competencies:
M4.9-12.1
M5.9-12.2
Content Objectives:
Content Objectives:
Driving Safety Data:
Must be Covered:
The learner will:
Calculate reaction time and distance in the English Standard System.
Calculate and use the braking distance in both the English Standard and metric systems.
Calculate and use the total stopping distance in both the English Standard and metric systems.
Standards:
Standards:
AKSS
A-SSE.1, A-CED.1.
A-CED.2, A-CED.4.
A-REI.1, F-IF.4.
Mathematical Practices
Make sense of problems and persevere in solving
them. Attend to precision.
Use appropriate tools
strategically.
Course/ Grade Competencies:
Course/ Grade Competencies:
M4.9-12.1
M6.9-12.1
Content Objectives:
Content Objectives:
Accident Investigation Data:
Must be Covered:
The learner will:
Determine the minimum skid speed using the skid mark formula.
Determine the minimum skid speed using the yaw mark formula.
Standards:
Standards:
AKSS
A-SSE.1, A-CED.1.
A-CED.2, A-CED.4.
A-REI.1, F-IF.4.
Mathematical Practices
Make sense of problems and persevere in solving
them. Attend to precision.
Use appropriate tools strategically.
Suggested Activities, Materials, and Resources:
Suggested Activities, Materials, and Resources:
Guest speaker – insurance agent
Driver safety – Ask Cherokee Riders to talk with students about passing their driving tests.
Employment Basics
Employment Basics
Graduate-Level Competency:
Graduate-Level Competency:
M1 – Symbolic Expression: The learner will be able to reason abstractly and utilize symbolic expressions and mathematical models.
M2 – Numbers and Number Systems: The learner will develop an applied knowledge of numbers and number systems to solve problems.
M3 – Reasoning and Strategic Thinking: The learner will use evidence to support authentic application of concepts and support mathematical arguments.
M4 - Measurement: The learner will explain reasoning when applying and modeling geometric principles.
M5 – Algebraic Functions, Patterns and Relations: The learner will utilize patterns, relations, and functions to compare, interpret, and analyze situations.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.1
M2.9-12.1
Content Objectives:
Content Objectives:
Looking for Employment:
Must be Covered:
The learner will:
Compute periodic salary based on annual contract salary.
Interpret abbreviations in classified ads.
Express classified ad prices as piecewise functions.
Standards:
Standards:
AKSS
A-SSE.1, A-CED.1.
A-REI.1.
Mathematical Practices
Use appropriate tools
strategically.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.2
Content Objectives:
Content Objectives:
Pay Periods and Hourly Rates:
Must be Covered:
The learner will:
Compute weekly, semimonthly, and biweekly earnings given annual salary.
Compute hourly pay and overtime pay given hourly rate.
Compute annual salaries based on annual percentage increases.
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.4.
A-CED.1, A-CED.2.
A-CED.4, A-REI.1.
F-IF.4, F-IF.6.
Mathematical Practices
Make sense of problems and persevere in solving
them. Attend to precision.
Course/ Grade Competencies:
Course/ Grade Competencies:
M3.9-12.1
M4.9-12.1
Content Objectives:
Content Objectives:
Commissions, Royalties, and Piecework Pay:
Must be Covered:
The learner will:
Compute pay based on percent commission.
Compute piecework pay.
Explain advantages and disadvantages of pay based on production.
Standards:
Standards:
AKSS
A-SSE.4, A-CED.1.
A-CED.2, A-CED.4.
A-REI.1, F-IF.4.
Mathematical Practices
Make sense of problems and persevere in solving
them. Attend to precision.
Course/ Grade Competencies:
Course/ Grade Competencies:
M5.9-12.2
M5.9-12.3
Content Objectives:
Content Objectives:
Employee Benefits:
Must be Covered:
The learner will:
Explain and calculate the value of certain employee benefits.
Can be Covered:
The learner will:
Learn about childcare leave
Standards:
Standards:
AKSS
A-SSE.4, A-CED.1.
A-CED.2, A-CED.4.
A-REI.1, F-IF.4.
Mathematical Practices
Make sense of problems and persevere in solving
them.
Course/ Grade Competencies:
Course/ Grade Competencies:
M5.9-12.3
Content Objectives:
Content Objectives:
Social Security and Medicare:
Must be Covered:
The learner will:
Compute paycheck deductions for Social Security.
Compute paycheck deductions for Medicare.
Standards:
Standards:
AKSS
A-SSE.4, A-CED.1.
A-REI.1.
Mathematical Practices
Make sense of
problems and persevere in solving them.
Attend to precision.
Suggested Activities, Materials, and Resources:
Suggested Activities, Materials, and Resources:
Guest speaker – temp agency hiring manager
Invite car dealership to talk about commission
Income Taxes
Income Taxes
Graduate-Level Competency:
Graduate-Level Competency:
M1 – Symbolic Expression: The learner will be able to reason abstractly and utilize symbolic expressions and mathematical models.
M2 – Numbers and Number Systems: The learner will develop an applied knowledge of numbers and number systems to solve problems.
M3 – Reasoning and Strategic Thinking: The learner will use evidence to support authentic application of concepts and support mathematical arguments.
M5 – Algebraic Functions, Patterns and Relations: The learner will utilize patterns, relations, and functions to compare, interpret, and analyze situations.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.1
M2.9-12.1
Content Objectives:
Content Objectives:
Tax Tables, Worksheets, and Schedules:
Must be Covered:
The learner will:
Express tax schedules algebraically.
Compute federal income taxes using a tax table and tax schedules.
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.4,
A-CED.1, A-CED.2.
A-REI.1.
Mathematical Practices
Attend to precision. Use appropriate tools strategically.
Course/ Grade Competencies:
Course/ Grade Competencies:
M3.9-12.3
Content Objectives:
Content Objectives:
Modeling Tax Schedules:
Must be Covered:
The learner will:
Construct income tax graphs using compound equations.
Standards:
Standards:
AKSS
F-LE.1.
Mathematical Practices
Use appropriate tools
strategically.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.1
M5.9-12.3
Content Objectives:
Content Objectives:
Income Statements:
Must be Covered:
The learner will:
Interpret and use the information on a pay stub, W-2 form, and 1099 form.
Standards:
Standards:
AKSS
A-SSE.1, A-CED.4.
Mathematical Practices
Attend to precision.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.1
M5.9-12.3
Content Objectives:
Content Objectives:
Forms 1040EZ and 1040A:
Must be Covered:
The learner will:
Complete Form 1040EZ.
Complete Form 1040A.
Standards:
Standards:
AKSS
A-SSE.1, A-CED.4.
Mathematical Practices
Make sense of problems and persevere in solving
them. Attend to precision.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.1
M5.9-12.3
Content Objectives:
Content Objectives:
Form 1040 and Schedules A and B:
Must be Covered:
The learner will:
File Form 1040 with itemized deductions.
Explain the difference between a tax credit and a tax deduction.
Standards:
Standards:
AKSS
A-REI.1.
Mathematical Practices
Make sense of problems and persevere in solving
them. Attend to precision
Suggested Activities, Materials, and Resources:
Suggested Activities, Materials, and Resources:
Ask H&R Block to talk about tax season
TurboTax: Using TurboTax to Teach Tax Basics (https://www.intuit.com/partners/education-program/products/turbotax/)
Independent Living
Independent Living
Graduate-Level Competency:
Graduate-Level Competency:
M1 – Symbolic Expression: The learner will be able to reason abstractly and utilize symbolic expressions and mathematical models.
M3 – Reasoning and Strategic Thinking: The learner will use evidence to support authentic application of concepts and support mathematical arguments.
M6 - Geometry: The learner will solve problems involving spatial reasoning and model geometric concepts in applied contexts.
M7 – Data, Analysis, Probability, and Statistics: The learner will apply statistical methods to summarize, represent, analyze, and interpret data.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.1
M7.9-12.1
M7.9-12.2
M7.9-12.3
M7.9-12.4
M7.9-12.5
M7.9-12.6
Content Objectives:
Content Objectives:
Finding a Place to Live:
Must be Covered:
The learner will:
Calculate the affordability of a monthly rent.
Determine the relationship between square footage and monthly rent.
Determine lease signing costs.
Calculate moving expenses.
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.4.
A-CED.1, A-CED.2.
A-CED.3, A-CED.4.
A-REI.1, F-IF.4.
Mathematical Practices
Make sense of problems and persevere in solving
them. Attend to precision.
Course/ Grade Competencies:
Course/ Grade Competencies:
M6.9-12.3
Content Objectives:
Content Objectives:
Reading a Floorplan:
Must be Covered:
The learner will:
Compute the perimeter and the area of a polygon.
Compute areas of irregular regions.
Compute volumes of rectangular solids.
Can be Covered:
The learner will:
The Monte Carlo method.
Standards:
Standards:
AKSS
A-CED.1, A-CED.2.
A-CED.4, A-REI.1.
F-IF.4, G-GMD.3.
G-MG.2.
Mathematical Practices
Attend to precision. Use appropriate tools strategically.
Course/ Grade Competencies:
Course/ Grade Competencies:
M3.9-12.1
M3.9-12.2
Content Objectives:
Content Objectives:
Mortgage Application Process:
Must be Covered:
The learner will:
Compute the monthly cost of paying for a house.
Explain the research that is necessary before you purchase a home.
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.4.
A-CED.1, A-CED.2.
A-CED.3, A-REI.1.
Mathematical Practices
Make sense of problems and persevere in solving
them. Attend to precision.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.1
M3.9-12.3
Content Objectives:
Content Objectives:
Purchasing a Home:
Must be Covered:
The learner will:
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.
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.4.
A-CED.1, A-CED.2.
A-CED.3, A-CED.4.
A-REI.1
Mathematical Practices
Make sense of problems and persevere in solving
them. Use appropriate tools
strategically.
Course/ Grade Competencies:
Course/ Grade Competencies:
M3.9-12.2
Content Objectives:
Content Objectives:
Mortgage Points:
Must be Covered:
The learner will:
Calculate discount points for a mortgage.
Determine the breakeven time for discount points.
Calculate negative points.
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.4.
A-CED.1, A-CED.2.
A-CED.3, A-CED.4.
A-REI.1, F-IF.5.
Mathematical Practices
Make sense of problems and persevere in solving
them. Attend to precision.
Course/ Grade Competencies:
Course/ Grade Competencies:
M3.9-12.3
Content Objectives:
Content Objectives:
Rentals, Condominiums, and Cooperatives:
Must be Covered:
The learner will:
Compute the costs of purchasing a cooperative or a condominium.
Explain the advantages and disadvantages of purchasing different types of homes.
Can be Covered:
The learner will:
Learn about landominium.
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.4.
A-CED.1, A-CED.2.
A-CED.3, A-CED.4.
A-REI.1.
Mathematical Practices
Make sense of problems and persevere in solving
them. Attend to precision.
Suggested Activities, Materials, and Resources:
Suggested Activities, Materials, and Resources:
Use Zillow (https://www.zillow.com/) to compare rent rates on places in Fairbanks and other areas.
Guest speaker: banker about mortgage points
Guest speaker: State Farm about renter’s insurance
The Stock Market
The Stock Market
Graduate-Level Competency:
Graduate-Level Competency:
M1 – Symbolic Expression: The learner will be able to reason abstractly and utilize symbolic expressions and mathematical models.
M2 – Numbers and Number Systems: The learner will develop an applied knowledge of numbers and number systems to solve problems.
M3 – Reasoning and Strategic Thinking: The learner will use evidence to support authentic application of concepts and support mathematical arguments.
M5 – Algebraic Functions, Patterns and Relations: The learner will utilize patterns, relations, and functions to compare, interpret, and analyze situations.
M7 – Data, Analysis, Probability, and Statistics: The learner will apply statistical methods to summarize, represent, analyze, and interpret data.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.1
M3.9-12.3
Content Objectives:
Content Objectives:
Business Organization:
Must be Covered:
The learner will:
State the basic vocabulary of business organizations.
Compute financial responsibility of business ownership based on ratios and percents.
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.4.
A-CED.2, A-CED.3.
A-CED.4.
Mathematical Practices
Make sense of problems and persevere in solving
them.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.2
M2.9-12.1
Content Objectives:
Content Objectives:
Stock Market Data:
Must be Covered:
The learner will:
Use stock data to follow the daily progress of a corporate stock.
Write spreadsheet formulas.
Can be Covered:
The learner will:
Learn about after-hours trading.
Standards:
Standards:
AKSS
A-SSE.1, A-CED.2.
A-CED.3, A-CED.4.
Mathematical Practices
Reason abstractly and
quantitatively.
Use appropriate tools
strategically.
Course/ Grade Competencies:
Course/ Grade Competencies:
M2.9-12.1
M5.9-12.5
Content Objectives:
Content Objectives:
Stock Market Data Charts:
Must be Covered:
The learner will:
Interpret a stock bar chart.
Create a stock bar chart.
Interpret a stock candlestick chart.
Create a stock candlestick chart.
Standards:
Standards:
AKSS
A-SSE.1, A-REI.10.
F-IF.5, F-IF.7.
Mathematical Practices
Construct viable arguments and critique the reasoning
of others. Reason abstractly and quantitatively Use appropriate tools strategically.
Course/ Grade Competencies:
Course/ Grade Competencies:
M2.9-12.1
M7.9-12.3
Content Objectives:
Content Objectives:
Trends in Stock Closing Prices:
Must be Covered:
The learner will:
Explain how data is smoothed.
Calculate simple moving averages using the arithmetic average formula.
Calculate simple moving averages using the subtraction and addition method.
Graph simple moving averages using a spreadsheet.
Can be Covered:
The learner will:
Learn about regression analysis.
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.4.
A-CED.1, A-CED.2.
A-REI.1, A-REI.10.
F-IF.5, F-IF.6.
F-IF.7, F-LE.2.
Mathematical Practices
Make sense of problems and persevere in solving
them. Reason abstractly and
quantitatively. Use appropriate tools strategically.
Course/ Grade Competencies:
Course/ Grade Competencies:
M3.9-12.2
Content Objectives:
Content Objectives:
Stock Market Ticker:
Must be Covered:
The learner will:
Explain stock market ticker information.
Determine the total value of a trade from ticker information.
Determine trade volume from ticker information.
Standards:
Standards:
AKSS
A-SSE.1, A-CED.1.
A-REI.1.
Mathematical Practices
Use appropriate tools
strategically.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.2
M2.9-12.1
Content Objectives:
Content Objectives:
Stock Transactions:
Must be Covered:
The learner will:
Define the basic vocabulary of buying and selling shares of stock.
Compute gains and losses from stock trades.
Can be Covered:
The learner will:
Learn about odd lot.
Standards:
Standards:
AKSS
A-SSE.4, A-CED.1.
A-CED.2, A-REI.1
Mathematical Practices
Reason abstractly and
Quantitatively. Use appropriate tools
strategically.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1-9-12.1
Content Objectives:
Content Objectives:
Stock Transaction Fees:
Must be Covered:
The learner will:
Compute the fees involved in buying and selling stocks.
Define the basic vocabulary of stock trading.
Standards:
Standards:
AKSS
A-CED.1, A-CED.3.
A-REI.1.
Mathematical Practices
Attend to precision.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.1
M3.9-12.2
Content Objectives:
Content Objectives:
Stock Splits:
Must be Covered:
The learner will:
Calculate the post-split outstanding shares and share price for a traditional split.
Calculate the post-split outstanding shares and share prices for a reverse split.
Calculate the fractional value amount that a shareholder receives after a split.
Can be Covered:
The learner will:
Learn about penny stocks.
Standards:
Standards:
AKSS
A-SSE.1.
A-SSE.4.
A-CED.1.
A-CED.2.
A-CED.3.
A-REI.1.
Mathematical Practices
Attend to precision.
Use appropriate tools
strategically.
Course/ Grade Competencies:
Course/ Grade Competencies:
M3.9-12.2
Content Objectives:
Content Objectives:
Dividend Income:
Must be Covered:
The learner will:
Understand the concept of shareowners splitting the profit of the corporation they own.
Compute dividend income.
Compute the yield for a given stock.
Compute the interest earned on corporate bonds.
Standards:
Standards:
AKSS
A-SSE.1.
A-SSE.4.
A-CED.1.
A-CED.2.
A-REI.1.
Mathematical Practices
Make sense of
problems and
persevere in solving
them.
Suggested Activities, Materials, and Resources:
Suggested Activities, Materials, and Resources:
Play the stock market game against other schools in Alaska and worldwide (https://www.stockmarketgame.org).
Modeling a Business
Modeling a Business
Graduate-Level Competency:
Graduate-Level Competency:
M1 – Symbolic Expression: The learner will be able to reason abstractly and utilize symbolic expressions and mathematical models.
M2 – Numbers and Number Systems: The learner will develop an applied knowledge of numbers and number systems to solve problems.
M3 – Reasoning and Strategic Thinking: The learner will use evidence to support authentic application of concepts and support mathematical arguments.
M5 – Algebraic Functions, Patterns and Relations: The learner will utilize patterns, relations, and functions to compare, interpret, and analyze situations.
M7 – Data, Analysis, Probability, and Statistics: The learner will apply statistical methods to summarize, represent, analyze, and interpret data.
Course/ Grade Competencies:
Course/ Grade Competencies:
M5.9-12.5
M7.9-12.6
Content Objectives:
Content Objectives:
Inventions:
Must be Covered:
The learner will:
Describe how to choose sample subjects without bias.
Use a random number table.
Explain methods used to reduce bias in experiments.
Create diagrams for experimental designs.
Standards:
Standards:
AKSS
A-CED.2, F-IF.5,
F-IF.7, F-LE.2.
Mathematical Practices
Look for and make use of structure. Reason abstractly and quantitatively. Use appropriate tools strategically.
Course/ Grade Competencies:
Course/ Grade Competencies:
M5.9-12.1
M7.9-12.3
Content Objectives:
Content Objectives:
Market Research:
Must be Covered:
The learner will:
Compute combinations.
Compute unbiased estimators.
Determine if a statistic is biased or unbiased.
Critique sampling techniques.
Standards:
Standards:
AKSS
A-SSE.1, A-CED.2.
A-CED.3, A-CED.4.
Mathematical Practices
Look for and express
regularity in repeated reasoning. Reason abstractly and quantitatively. Use appropriate tools strategically.
Course/ Grade Competencies:
Course/ Grade Competencies:
M3.9-12.2
Content Objectives:
Content Objectives:
Supply and Demand:
Must be Covered:
The learner will:
Describe the slopes of the supply and demand curves.
Find points of equilibrium.
Standards:
Standards:
AKSS
A-SSE.4, A-CED.1.
A-CED.2, A-CED.3.
A-CED.4, A-REI.1.
A-REI.3, A-REI.11, F-IF.4, F-IF.7, F-IF.5, F-LE.2.
Mathematical Practices
Make sense of problems and persevere in solving
them. Attend to precision.
Use appropriate tools
strategically.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.1
M2.9-12.1
Content Objectives:
Content Objectives:
Fixed and Variable Expenses:
Must be Covered:
The learner will:
Explain the difference between fixed and variable expenses.
Create an expense equation based on fixed and variable expenses.
Standards:
Standards:
AKSS
A-SSE.4, A-CED.1.
A-CED.2, A-CED.3.
A-CED.4, A-REI.1.
A-REI.3, F-IF.4
Mathematical Practices
Make sense of problems and persevere in solving
them. Attend to precision.
Use appropriate tools
strategically.
Course/ Grade Competencies:
Course/ Grade Competencies:
M5.9-12.4
Content Objectives:
Content Objectives:
Graphs of Expense and Revenue Functions:
Must be Covered:
The learner will:
Write, graph, and interpret the expense function.
Write, graph, and interpret the revenue function.
Identify the points of intersection of the expense and revenue functions.
Identify breakeven points, and explain them in the context of the problem.
Factor a quadratic using the method of completing the square.
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.4.
A-CED.1, A-CED.2.
A-CED.3, A-CED.4.
A-REI.1, A-REI.3.
A-REI.11, F-IF.4.
F-IF.7, F-LE.2, F-LE.1.
Mathematical Practices
Make sense of problems and persevere in solving
them. Attend to precision.
Use appropriate tools
strategically.
Course/ Grade Competencies:
Course/ Grade Competencies:
M5.9-12.1
M5.9-12.2
M5.9-12.3
M5.9-12.4
M5.9-12.5
Content Objectives:
Content Objectives:
Breakeven Analysis:
Must be Covered:
The learner will:
Determine the breakeven prices and amounts using technology or algebra.
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.4.
A-CED.1, A-CED.2.
A-CED.3, A-CED.4.
A-REI.1, A-REI.11.
F-IF.4, F-LE.2.
Mathematical Practices
Make sense of problems and persevere in solving
them. Attend to precision.
Use appropriate tools
strategically.
Course/ Grade Competencies:
Course/ Grade Competencies:
M3.9-12.1
M3.9-12.3
Content Objectives:
Content Objectives:
The Profit Equation:
Must be Covered:
The learner will:
Determine a profit equation given the expense and revenue equations.
Determine the maximum profit and the price at which that maximum is attained.
Determine complex roots of a quadratic equation.
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.4.
A-CED.2, A-CED.3.
A-CED.4, A-REI.11.
F-IF.4, F-LE.2, F-LE.1.
Mathematical Practices
Make sense of problems and persevere in solving
them. Attend to precision.
Use appropriate tools
strategically.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.1
M1.9-12.2
M2.9-12.1
M3.9-12.1
M3.9-12.3
Content Objectives:
Content Objectives:
Mathematically Modeling a Business:
Must be Covered:
The learner will:
Recognize the transitive property of dependence as it is used in a business model.
Use multiple sources of information, functions, and methodologies to model a new business.
Standards:
Standards:
AKSS
A-SSE.1, A-CED.3.
A-CED.4.
Mathematical Practices
Make sense of problems and persevere in solving
them. Use appropriate tools
strategically.
Course/ Grade Competencies:
Course/ Grade Competencies:
M3.9-12.1
M3.9-12.3
M7.9-12.5
Content Objectives:
Content Objectives:
Optimal Outcomes:
Must be Covered:
The learner will:
Use linear programming.
Write an objective function.
Construct a feasible region given constraints.
Maximize an objective profit function.
Minimize an objective expense function.
Standards:
Standards:
AKSS
A-SSE.4, A-CED.1.
A-CED.2, A-CED.3.
A-CED.4, A-REI.1.
A-REI.3, A-REI.11.
F-IF.5, F-LE.2.
Mathematical Practices
Make sense of problems and persevere in solving
them. Use appropriate tools
strategically.
Suggested Activities, Materials, and Resources:
Suggested Activities, Materials, and Resources:
Guest speaker: Pagoda restaurant or Santa Claus House
Planning for Retirement
Planning for Retirement
Graduate-Level Competency:
Graduate-Level Competency:
M1 – Symbolic Expression: The learner will be able to reason abstractly and utilize symbolic expressions and mathematical models.
M7 – Data, Analysis, Probability, and Statistics: The learner will apply statistical methods to summarize, represent, analyze, and interpret data.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.1
M1.9-12.2
Content Objectives:
Content Objectives:
Retirement Income from Savings:
Must be Covered:
The learner will:
Calculate the 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.
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.4.
A-CED.2, A-CED.3.
A-CED.4, F-IF.4.
Mathematical Practices
Make sense of problems and persevere in solving
them. Use appropriate tools
strategically.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.2
Content Objectives:
Content Objectives:
Social Security Benefits:
Must be Covered:
The learner will:
Understand the benefits paid by Social Security.
Understand how benefits are computed.
Compute federal income tax on benefits that are paid under Social Security.
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.4.
A-CED.2, A-CED.4.
Mathematical Practices
Make sense of problems and persevere in solving
them. Attend to precision.
Use appropriate tools
strategically.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.1
M1.9-12.2
Content Objectives:
Content Objectives:
Pensions:
Must be Covered:
The learner will:
Calculate pension benefits using various formulas.
Calculate pension benefits during and after vesting periods.
Standards:
Standards:
AKSS
A-SSE.1, A-CED.2.
A-CED.3, A-CED.4.
F-IF.4.
Mathematical Practices
Make sense of problems and persevere in solving
them. Attend to precision.
Use appropriate tools
strategically.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.2
Content Objectives:
Content Objectives:
Life Insurance:
Must be Covered:
The learner will:
Compute the cost of different types of life insurance.
State the advantages and disadvantages of different types of life insurance.
Standards:
Standards:
AKSS
A-SSE.1, A-CED.1.
A-CED.4, A-REI.1.
Mathematical Practices
Use appropriate tools
strategically.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.1
M1.9-12.2
M7.9-12.1
M7.9-12.2
M7.9-12.3
Content Objectives:
Content Objectives:
Investment Diversification:
Must be Covered:
The learner will:
Compare different types of investments that were covered throughout the previous nine units.
Standards:
Standards:
AKSS
A-CED.4.
Mathematical Practices
Make sense of problems and persevere in solving
them.
Suggested Activities, Materials, and Resources:
Suggested Activities, Materials, and Resources:
Bring in a speaker from the local funeral home to talk about the cost of a western civilization funeral, and bring in someone to talk about the cost for an Alaska Native wake.
Prepare a Budget
Prepare a Budget
Graduate-Level Competency:
Graduate-Level Competency:
M1 – Symbolic Expression: The learner will be able to reason abstractly and utilize symbolic expressions and mathematical models.
M2 – Numbers and Number Systems: The learner will develop an applied knowledge of numbers and number systems to solve problems.
M3 – Reasoning and Strategic Thinking: The learner will use evidence to support authentic application of concepts and support mathematical arguments.
M5 – Algebraic Functions, Patterns and Relations: The learner will utilize patterns, relations, and functions to compare, interpret, and analyze situations.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.2
M2.9-12.1
Content Objectives:
Content Objectives:
Utility Expenses:
Must be Covered:
The learner will:
Compute the cost of electricity, gas, oil, and water for the home.
Compute the cost of using specific appliances for specific lengths of time.
Compute the time it takes an energy-saving appliance to pay for itself.
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.4.
A-CED.1, A-CED.2.
A-CED.3, A-CED.4.
A-REI.1, A-REI.3.
Mathematical Practices
Make sense of problems and persevere in solving
them. Attend to precision.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.2
Content Objectives:
Content Objectives:
Electronic Utilities:
Must be Covered:
The learner will:
Compute the cost of cell phone calls, text messaging, Internet service, and cable television.
Compare different plans for these services.
Set up, graph, and interpret an average cost function.
Standards:
Standards:
AKSS
A-SSE.1, A-SSE.4.
A-CED.1, A-CED.2.
A-CED.3, A-CED.4.
A-REI.1, A-REI.3.
A-REI.10, F-IF.4.
F-IF.6, F-IF.7, F-LE.2.
F-LE.1.
Mathematical Practices
Make sense of problems and persevere in solving
them. Attend to precision.
Use appropriate tools
strategically.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.2
M2.9-12.1
M5.9-12.4
Content Objectives:
Content Objectives:
Charting a Budget:
Must be Covered:
The learner will:
Create and use a budget check-off chart.
Visualize and interpret a budget using a circle graph, a bar graph, a line graph, and a budget line graph.
Standards:
Standards:
AKSS
A-SSE.1, A-CED.4.
A-REI.3, A-REI.10.
F-IF.4, F-IF.5, F-IF.7.
F-LE.2.
Mathematical Practices
Use appropriate tools
strategically
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.2
M3.9-12.3
M3.9-12.2
M5.9-12.4
Content Objectives:
Content Objectives:
Cash Flow and Budgeting:
Must be Covered:
The learner will:
Develop and interpret a cash flow chart.
Develop and interpret a frequency budget plan.
Develop and interpret a yearlong expense budget plan.
Standards:
Standards:
AKSS
A-SSE.1, A-CED.1.
A-CED.4, A-REI.1.
F-IF.4, F-LE.2.
Mathematical Practices
Make sense of problems and persevere in solving
them. Reason abstractly and
quantitatively. Use appropriate tools
strategically.
Course/ Grade Competencies:
Course/ Grade Competencies:
M1.9-12.2
M3.9-12.3
M3.9-12.2
M5.9-12.4
M5.9-12.5
Content Objectives:
Content Objectives:
Budget Matrices:
Must be Covered:
The learner will:
Determine the dimension of a matrix.
Add, subtract, and multiply matrices.
Multiply a matrix by a scalar.
Standards:
Standards:
AKSS
A-SSE.1, A-CED.2.
A-CED.3, A-CED.4.
F-IF.4, F-LE.2.
Mathematical Practices
Reason abstractly and
Quantitatively. Attend to precision. Use appropriate tools strategically.
Suggested Activities, Materials, and Resources:
Suggested Activities, Materials, and Resources:
Next Gen Personal Finance (NGPF) budgeting activities: https://www.ngpf.org/curriculum/budgeting/activities
MoneyInstructor.com budgeting planning and budgeting lessons: https://www.moneyinstructor.com/budgeting.asp
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