Program Guide - Department of Human Resources, Labour and ...

IM 3203
Consumer Mathematics
1. Personal Banking Procedures
1.1 Identify and describe types of bank accounts.
1.2 Reconcile bank statements.
1.3 Identify and use types of banking forms.
1.4 Define and calculate simple and compound interest.
1.5 Describe and calculate returns on RRSPs and other personal investments.
1.6 Identify, describe and calculate mortgages and loans.
2. Instalment Buying
2.1 List advantages and disadvantages of credit card usage.
2.2 Calculate carrying charges.
2.3 Calculate monthly payments.
3. Taxes and Insurance
3.1 Calculate property tax.
3.2 Calculate sales tax.
3.3 Calculate personal income tax.
3.4 Identify types of insurance.
3.5 Calculate insurance costs.
4. Family Budgets
4.1 Discuss factors considered in preparing a family budget.
4.2 Define unit price and apply it to comparative shopping.
4.3 Calculate cost of owning and operating a house.
4.4 Calculate cost of owning and operating a car.
4.5 Prepare budget.
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ABE Level III Curriculum