Welcome to the Course Page of
AS/MATH  2581 3.0 M
Business Mathematics II

Winter 2005/06


Department of Mathematics and Statistics
York University
4700 Keele Street
Toronto, Ontario  M3J 1P3

Course Organization:

Course Information
Course Schedule
Exams  Information
Links & Other Resources


This area will contain announcements and solutions to tests. Announcements made in class will be posted here in reverse chronological order and will not be repeated in class. Please take a minute to read the announcements carefully, as they often get updated. You may need to Reload/Refresh this page.
  Please click  here  to see  your final exam mark and unofficial letter grade
  for the course. Also, please note that your official grade will be sent to you
  by the Registrar's Office upon the approval by the Senate.
  Deferred Final Examination will take place on Thursday, May 18th
  from 14:00 to 17:00 in CLH D.
           HAVE A NICE SUMMER!
April 04: I am making available the  term grades  for the course. Please let me know
  by the end of this week if there is any discrepancy.
April 03: Please note that the Final Examination will take place on Tuesday, April 11
  from 19:00 to 21:00 in CSE B. On the exam you will be responsible for all
  the material covered in this course according to Course Schedule.
  To the exam, in addition to your calculator and writing supplies, you can bring
  an information sheet, which is a single sheet of paper, 21.6 cm by 28 cm, with
  writings on both sides, but without flaps or layers. The information sheet can not
  be shared. Please also note that additional office hours will be held on Thursday,
  April 06 from 2:00 to 3:30 PM.
March 29: There are two new Excel workbooks in the course folder on  ACADLABS:
  CIA8692MortalityTables.xls, which is taken directly from pages 329 - 331 of the
  text-book and Chapter9Problems.XLW, which illustrates how to use this mortality
  table with Excel to do exercises from Chapter 9.
  Please also note that I will bring the course evaluation forms to the class on
  Thursday, March 30. It is the time for you to be the judge. Please come and
  fill out the evaluation forms.
March 27: Please note that Test #2 papers will be returned in the class on Tuesday,
  March 28.
March 11: We will write Test #2 during the lecture period on Thursday, March 16.
  On the test you will be responsible for all the material covered in class from
  Sections 6.5-6.7, 7.1-7.3 and 8.2-8.3 of the text-book. Please note that
  from Section 6.7 you are responsible for the Method of Averages only.
  The test will also cover all of the financial functions built-in to Excel that are
  on the Financial Functions Crib Sheet as well as certain basic Excel concepts,
  such as the use of absolute and relative cell references in Excel formulas.
February 21: Please note that Test #1 papers were returned in the class on Tuesday,
  February 21.
January 31: We will write Test #1 during the lecture period on Tuesday, February 7th.
  On the test you will be responsible for all the material covered in class from
  Sections 2.8 - 2.10, App. A3.1, 3.6, 4.3, 4.4 and 6.4 of the text-book.
 January 05: Welcome back!
  To view and/or print  PDF  files you need to download the Acrobat Reader 

Course Information

Course: Session: Winter 2005/06
  Section: M
Lectures: Days, Time and Room T/R 2:30 - 4:00 P.M., CLH H
Instructor: Name: Dr. Iulduz Raguimov
  Office: S512 Ross
  E-mail: raguimov@mathstat.yorku.ca
  Phone: 416-736-2100, Ext. 66092
  Office Hours: MWF 1:00 - 2:00 P.M.
Grading: Two Class-Tests:  30% each
  Final Examination: 40%

Course Description: Spreadsheets and their application to business mathematics; deepening of topics in Business Mathematics I, including continuous compound interest, perpetuities, annuities where payments vary, callable bonds, bond yield rate, capital budgeting; mortality tables, life annuities, life insurance. Students will use EXCEL, a spreadsheet available in the computer laboratory in the Steacie building. This spreadsheet operates on both the Macintosh and IBM-compatible platforms. EXCEL will be used to simplify and illuminate equation-solving, amortization of loans and mortgages, bond schedules, depreciation tables, and mortality tables. No previous computer experience is assumed. With the help of notes and class instruction students will be introduced to the spreadsheet and to its use in mathematics of finance. The emphasis will be on practical problems. For a more detailed list of topics with references to the text-book, please see Course Schedule.


Mathematics of Finance, Fifth Edition

by P. Zima and R. L. Brown 
  McGraw-Hill Ryerson, 2001. ISBN 0-07-087135-3
Optional Aids: Solutions Manual for use with Mathematics of Finance, Fifth Edition
  by P. Zima and R. L. Brown
  McGraw-Hill Ryerson, 2001. ISBN 0-07-087136-1
  Each student will also need a hand-held calculator which has power
  and logarithm functions. Specifically, it must be able, given values of
x and y, to compute xy .
Course Prerequisites: AS/MATH 1581 3.0. Students who do not have the prerequisite must
  see me within the first two weeks of classes.
Degree-credit AS/SC/MATH 2580 6.0 or AS/SC/MATH 2280 3.0.
Exclusions: For students in the Actuarial Mathematics stream, AS/SC/MATH 2280 3.0
  is required instead of AS/AK/MATH 2581 3.0.
Important Dates: January 05: Classes commence.
January 19: The last date to enrol in the course without my permission.
January 27: The last date to enrol in the course with my permission.
  February 13-17: Reading Week.
  March 10: The last date to drop the course without receiving a final grade.
April 04: Classes end.
  April 06-28: Examination period.

Course Schedule

(subject to any changes announced in class)




January 4-6 Introduction, 2.8 Classes begin on Thursday, January 05. 
January 9-13  2.9, 2.10  
January 16-20 App. A3.1, 3.6  
January 23-27 4.3, 4.4  
Jan 30 - Feb 3 6.4, 6.5, 6.6  
February 6-10 6.7, 7.1, Test #1 Test #1 will take place on Tuesday, February 07.
February 13-17 No classes Reading week
February 20-24 7.2, 7.3  
Feb 27 - Mar 3 8.2, 8.3  
March 06-10 8.4, 9.2  
March 13-17 9.3, 9.4, Test #2 Test #2 will take place on Thursday, March 16.
March 20-24 9.4, 9.5  
March 27-31 9.5, 9.6  
April 04 Review The classes end Tuesday, April 04.
April 06-28 Final Examination: Tuesday, April 11, 19:00-21:00, CSE B.

Note: The course is the sequel to MATH 1580 3.0, which must be taken as a strict prerequisite. A component of the course will be devoted to an introduction to the use of spreadsheets for financial calculations. We will be using MS EXCEL which functions on both PC and Macintosh platforms. Some class sessions in the second term will be devoted to demonstrations of this software but students will be expected to work on their own in the computer laboratories scattered throughout the campus; some of these are open 24 hours per day, 7 days a week. The software manuals for EXCEL are on two-hour reserve at the desk in Steacie library; but you should rarely need these because the program itself has substantial on-line help files. To access these programs and course-related data files, you will require a personal "ACADLABS" account; this is the name of the server on which EXCEL resides. To obtain such an account, follow the instructions available at the Computing Commons or at this website, ACADLABS accounts. Note that this account is different from your e-mail account.  For information about our course-specific files, please read the following information:  ACADLABS access to course-specific EXCEL files.


Throughout the term, the everyday homework assignment is to do as many of the problems from the textbook as you find necessary to develop your understanding of the course material. These will not be collected for grading and hence will not directly affect your grade. While these will not directly affect your grade, it is extremely important that you complete as many problems as possible. Do not memorize them. Rather, learn how to solve problems like them. Use the Solutions Manual only after you have tried the problem. There is nothing like a bit of computation to strengthen understanding in mathematics! Successful students must keep up with homework and seek help for points they do not understand as soon as possible. Do not fall behind! It is recommended to read the relevant sections of the text-book before every class. Next to the classes, working out the answers to the problems the most important preparation for the tests and exam that will contain for the most part but not exclusively, questions very similar to those from the text-book. I will occasionally make specific suggestions concerning problems to do or to avoid.. It is quite practical to work on your own or together in small groups. Each student should do at least two hours of independent study for every lecture hour. The amount you learn in this course and the grade you receive will be proportional to the amount of time you spend working on problems.

Exams Information

Lecture/Exam Rules:

Please turn off all cell phones and pagers before entering the lecture hall. For tests and exam cell phones, digital dictionaries, palms, pagers, computers, and hats with large peaks are not allowed. All such devices as well as all books, papers, knapsacks, and briefcases must be left at the front of the lecture hall. Anyone caught with electronic devices will be charged with Academic Dishonesty (see the next page). The only items you may have at your seat are pens, pencils, student ID, a non-graphing, non-programmable calculator and purses.
You are responsible for all material covered in lectures.
Note: Photo identification and signing-in are required at all
tests and exam.

Final Grade:

The composition of the final grade is as follows:
Two Class-Tests (75 minutes each written tests held in lecture periods):  30% each (Tentative dates for the tests: Tuesday, February 07 and Thursday, March 16 of 2006).
Final Examination
(two-hour exam scheduled by the Registar's Office):  40% of the overall grade, will take place during the examination period.
All test-marks you receive should be interpreted as raw scores and not "percentages". The statistics of scores will be announced for all tests. Cut-off for converting midterm scores into letter grades will be announced prior to the drop date. Students have seven days from the date of the return of a test paper to appeal their marks. Some test papers (randomly selected) are photocopied before they are handed back, so we can detect subsequent alterations.

Make-up Policy:

No permission will be given to a student to write tests in advance of their scheduled dates. No make-ups will be done for the in-class tests.  Missed tests will be counted as zero, except under extreme circumstances. If an acceptable reason, with appropriate documentation, is given for having missed test, the mark for that test will be determined by the final examination mark. What is an acceptable reason? A brief note from a doctor is not acceptable, because some doctors will write such notes without careful consideration. What is needed from the doctor is a detailed, typed and signed letter, indicating what the illness was, and also why that illness prevented the student from writing the test. I also may require a telephone conversation with the doctor to verify matters, so the student will have to give the doctor a permission to discuss the matter with me. At the same time, missing tests is extremely dangerous and not recommended. As experience has shown, students who miss class tests because of some 'mysterious illnesses' will usually average 30% on the final exam. A student who misses the final examination will be allowed to write a make-up exam only if both of the following conditions are met:
the student notifies me (raguimov@mathstat.yorku.ca) or the Department of Mathematics and Statistics (Undergraduate Office, N502/503 Ross Building, 416-736-2100, Ext. 55902 or 33969) in advance that the exam will be missed,
the student provides a medical certificate showing a physical incapability of writing the exam within one week following the exam.
Students who miss the final examination and do not meet both conditions will receive a grade of F.
It is student's responsibility to fill out and submit the Deferred Standing Agreement Form.
Note: Do not make vacation/job plan until the final exam date is known: having a plane ticket for Hawaii or Las Vegas on
April 15 is NOT a legitimate excuse for absence from a final exam on April 20.

Religious Observance:

 York University is committed to respecting the religious beliefs and practices of all members of the community and making accommodations for observances of special significance to adherents. If any of the dates specified in the course schedule for in-class tests pose such a conflict, students should contact me (raguimov@mathstat.yorku.ca) within the first two weeks of classes. Please note that if the final exam date poses a conflict, students must complete the Final Exam Accommodation Form, which can be obtained from the Registrarís Office.

Academic Honesty:

Students are responsible for familiarizing themselves with University Policies and Regulations. Conduct that violates the ethical or legal standards of the university community or of oneís programme or specialization may result in serious consequences. Refer to the Senate Policy on  Academic Honesty.


Individual questions can be discussed by e-mail, or in person after class, or during office hours. Please send all e-mail notes as plain text within the body of the message. Do not send attachments nor HTML-formatted mail. Also, if the name of your account is an alias, I will not know who the mail is from unless you sign it; it also risks being accidentally discarded as junk mail. The course web page will be up-dated regularly to include important announcements made in class, such as the material to be covered on the tests. E-mail notes requesting such information contained on the web page will be answered the last.

Links and Other Resources

1-  York Undergraduate Math Program
2-  Study Groups
3 - Inflation Calculator

Questions and comments regarding this Web page please send to raguimov@mathstat.yorku.ca

© 2006, All Rights Reserved, York University & Iouldouz S. Raguimov

Last modified May 06, 2006