Financial mathematics skills

Year 3

Skills

• Dollars and cents
• Level 1: Equivalent amounts
• Level 2: Equivalent amounts

Year 4

Skills

• Dollars and cents
• Level 1: Equivalent amounts
• Level 2: Equivalent amounts

Year 9

Skills

• Identify the best deal
  Cheat sheet on the topic
• Income and tax
  Cheat sheet on the topic
• Profit, loss, markup and discount
  Cheat sheet on the topic
• Simple interest
  Cheat sheet on the topic
• Compound interest
  Cheat sheet on the topic

Year 10

Skills

• Identify the best deal
• Income and tax
• Profit, loss, markup and discount
• Simple interest
• Compound interest

Year 11

Skills

• Identify the best deal
• Income and tax
• Profit, loss, markup and discount
• Simple interest
• Compound interest

Year 12

Skills

• Present value of ordinary annuities
• Future value of ordinary annuities
• Perpetuities
• Depreciation - flat rate vs reducing balance crossover
• Depreciation - unit cost method
• Perpetuities - cumulative payments
• Compound interest - regular deposits, find the rate
• Compound interest - effective annual rate and interest earned
• Annuities - two-phase withdrawals, total years
• Making informed decisions - comparing investment options
• Making informed decisions - comparing loan offers
• Making informed decisions - break-even between payment plans