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Contemporary Business Mathematics with Canadian Applications, 12th edition

Published by Pearson Canada (November 29, 2019) © 2021

  • S A. Hummelbrunner Peel Sheridan Dufferin Educational Credit Union , Kwantlen University College
  • Kelly Halliday Georgian College
  • Ali R. Hassanlou Kwantlen Polytechnic University

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For business mathematics courses.

This text is intended for use in introductory mathematics of finance courses in post-secondary business management, marketing, accounting, and finance programs. It also provides a review of basic mathematics.

Contemporary Business Mathematics with Canadian Applications is a teaching text using problem-identification and problem-solving approaches. The systematic and sequential development of the material is illustrated by examples that show a step-by-step approach to solving the problem. The detailed solutions are presented in a visually clear and colorful layout that allows learners to monitor their own progress in the classroom or in independent study.

Hallmark features of this title

  • Comprehensive case studies for each part of the book have been created. The questions within each case study have been separated by chapter or group of chapters to facilitate the use of these case studies by those institutions that include only some of the topics in their course syllabus. With the questions separated and identified by chapter, these institutions can use part of the case study in their courses.
  • A Business Math News Box is presented in every chapter. This element consists of short excerpts based on material appearing in newspapers, magazines, or websites, followed by a set of questions. These boxes demonstrate how widespread business math applications are in the real world.
  • The Pointers and Pitfalls boxes emphasize good practices, highlight ways to avoid common errors, show how to use a financial calculator efficiently, or give hints for tackling business math situations to reduce math anxiety.
  • Programmed Solutions using the Texas Instruments BA II PLUS calculator are offered for most examples in Chapters 9 to 16. Since this calculator display can be pre-set, it is suggested that the learner set the display to show six decimal places to match the mathematical calculations in the body of the text. Both mathematical and calculator solutions for all Exercises, Review Exercises, and Self-Tests are included in the Instructor’s Solutions Manual. An icon highlights information on the use of the BA II PLUS calculator.

New and updated features of this title

  • This edition continues to clarify the consistent approach to rounding rules. The Student's Reference Guide to Rounding and Special Notations gives a clear explanation of the rounding conventions used throughout the text. Additional Pointers and Pitfalls boxes are placed in key areas to remind students about the rounding conventions and exceptions in practice. 
    • The text and solutions manual have been thoroughly technically checked for accuracy and consistency with the rounding approach.
    • Tables, charts, and further diagrams have been added to enable the learner to visualize the problems and the solutions.
    • Numerous new examples and exercises have been added.
    • To help students better understand and solve systems of linear equations, the order of presenting concepts has been changed in Chapter 4. We first introduce an easier concept of graphing linear solutions and continue with algebraic solutions of systems of linear equations with two unknown variables. Finally, solving systems of linear inequalities is presented.

Digital Assets in MyLab Math

  • Current Event Boxes. Business Math News boxes bring currency into your classroom with author-written articles that connect key concepts with real-life current events. Our authors regularly add new or revised articles to ensure that your students have relevant examples to help them engage with the course.
  • Videos. We have various videos to demonstrate how to apply concepts. These videos appear in the MyLab and can be assigned through the Multimedia Library of MyLab to get students learning actively, making it more likely that they’ll retain what they’ve read. Another new feature is the Media Share functionality in the MyLab: For the first time, instructors can upload and/ or create video, add questions, and assign points through Video Quizzing.
  • Interactive Figures. Interactive Figures bring concepts to life, helping students see the concepts through directed explorations and purposeful manipulation. These figures are assignable and encourage active learning, critical thinking, and conceptual understanding. These interactive graphs and figures can be found by learners within the eTextbook, and can be assigned by instructors through our MyLab Multimedia Library.
  • Learning Catalytics. Learning Catalytics allows students to use any web-enabled device to participate in-class. Instructors can access a library of prebuilt questions or construct questions on their own to keep students engaged in the lecture. Learning Catalytics can be assigned to students synchronously or asynchronously and used for individual or group work. It can also place students in discussion groups based on their responses and location, regardless of class size.
  1. Review of Arithmetic
  2. Review of Basic Algebra
  3. Ratio, Proportion, and Percent
  4. Linear Systems
  5. Cost-Volume-Profit Analysis and Break-Even
  6. Trade Discounts, Cash Discounts, Markup, and Markdown
  7. Simple Interest
  8. Simple Interest Applications
  9. Compound Interest–Future Value and Present Value
  10. Compound Interest–Further Topics
  11. Ordinary Simple Annuities
  12. Ordinary General Annuities
  13. Annuities Due, Deferred Annuities, and Perpetuities
  14. Amortization of Loans and Residential Mortgages
  15. Bond Valuation and Sinking Funds
  16. Investment Decision Applications

Kelly Halliday is a full-time professor at Georgian College in Barrie, ON, and holds a degree in finance and economics from Western University and an MBA in international business from Dalhousie University. Prior to joining Georgian, Kelly worked in various roles in finance and in supply chain at Celestica International Inc. She is the lead faculty for Mathematics of Finance and for Business Finance in Georgian’s School of Business, and she coordinates the Global Business Management and the Supply Chain Management Programs at the College.

Ali Hassanlou holds two Master’s degrees in industrial engineering and engineering management from the University of Ottawa, and a Ph.D. in management from the Sprott School of Business at Carleton University in Ottawa. He has more than 20 years of teaching experience in Canada. He is a full-time faculty member at the Melville School of Business at KPU in BC, where he teaches quantitative and business courses both at the undergraduate and graduate levels. In addition, Ali teaches MBA courses at the University Canada West in Vancouver. Dr. Hassanlou’s professional experience includes auto industry, health care, and research at the National Research Council of Canada in Ottawa, where he conducted research on various business projects.

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