The rule of 78 is used by banks and loan companies to compute the amounts due when installment loans are paid early. Describes an unexpected case of negative amortization when the rule is applied. Presents an actual problem and discusses the case. (YP)

The first aim in school might be to help children become more aware of the algorithmic processes they use; then, ensure that they can devise algorithms and define them. Many examples of how these aims can be met are given, including the use of calculators and computers. (MNS)

Presents an algorithm to estimate pi by approximating a unit circle with a sequence of inscribed regular polygons. Demonstrates the application of the algorithm with a hand-held calculator and an Apple computer. Provides a program to calculate pi in Pascal programing language. (12 references) (MDH)

This document serves as Volume II of a two-part course designed to improve mathematical proficiency and understanding as the student is given practice in relevant problem-solving situations. It includes the mathematics skills needed to make sound consumer decisions. The purpose of this course is to review, reinforce and extend concepts learned in…