{"id":4185,"date":"2020-04-07T01:55:33","date_gmt":"2020-04-07T01:55:33","guid":{"rendered":"https:\/\/courses.lumenlearning.com\/mathforlibscoreq\/?post_type=chapter&p=4185"},"modified":"2021-02-05T23:58:59","modified_gmt":"2021-02-05T23:58:59","slug":"introduction-to-financial-models","status":"web-only","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/slcc-mathforliberalartscorequisite\/chapter\/introduction-to-financial-models\/","title":{"raw":"Why It Matters: Financial Literacy","rendered":"Why It Matters: Financial Literacy"},"content":{"raw":"

Why develop a strong foundation in financial literacy?<\/h2>\r\n\"\"<\/a>\r\n\r\nThe mathematics behind financial models makes it clear -- a strong financial future begins in the present. From knowing how to borrow wisely to understanding how long-term saving works, learning how to put your money to work for you will be crucial for securing a comfortable future. Financial literacy is the ability to understand the ideas and terminology common to saving and borrowing in everyday life. This includes obtaining a working understanding of the mathematical principles underlying financial tools and gaining proficiency with the technology that allows you to make sound decisions in the present and responsible predictions about the future.\u00a0In this module, you\u2019ll study how the mathematics behind financial products works, how it benefits the lender, and how you can make it benefit you whether you are saving or borrowing.","rendered":"

Why develop a strong foundation in financial literacy?<\/h2>\n

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The mathematics behind financial models makes it clear — a strong financial future begins in the present. From knowing how to borrow wisely to understanding how long-term saving works, learning how to put your money to work for you will be crucial for securing a comfortable future. Financial literacy is the ability to understand the ideas and terminology common to saving and borrowing in everyday life. This includes obtaining a working understanding of the mathematical principles underlying financial tools and gaining proficiency with the technology that allows you to make sound decisions in the present and responsible predictions about the future.\u00a0In this module, you\u2019ll study how the mathematics behind financial products works, how it benefits the lender, and how you can make it benefit you whether you are saving or borrowing.<\/p>\n\n\t\t\t

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Candela Citations<\/h3>\n\t\t\t\t\t
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CC licensed content, Original<\/div>