The reorganization of content and related problems involving Chapters 2, 3 and 5. These include:

• Solving two simultaneous linear equations in two unknowns (moved from pages 170-172 in Section 5.1 (of the 4/e) to the second part of Section 2.3 (in the 5/e). This consolidates in one section the algebraic procedures for solving a linear equation in one unknown and two linear equations in two unknowns.

• Problems in Section 3.2 that involve repeated partitioning (for example, Example 3.2E on page 103, 4/e) have been moved to Section 2.4.

• Problems formerly in Section 3.3 (4/e) have been moved to Section 2.5 (5/e)

Each of the three approaches to Cost-Volume-Profit Analysis in Chapter 5 now appears in its own section. The effect of the change is to break the former long and difficult Section 5.2 into shorter and more easily digested packages. The new organization allows instructors and students to separate the three approaches more clearly, and to omit one or two of the approaches more cleanly.

The topics in Sections 14.1 and 14.2 have been reorganized and rewritten to achieve a more steady progression from less difficult to more difficult concepts. Also, each topic naturally motivates the next topic.

Chapter 16 is now in the main text. (It was previously on the CD-ROM accompanying the 4/e.)

Overall updating of relevant Point of Interest boxes, Net @sset boxes and data (e.g. sales tax, exchange rates, etc.)

Addition of new Exercise questions to selected chapters.

The fifth edition provides instructions on the use of special-purpose financial-calculator functions:

1. Amortization of term loans (Chapter 14)

2. Bond pricing on any date (Chapter 15)

3. Net present value (NPV) and internal rate of return (IRR) (Chapter16)

The Student's Solutions Manual now includes financial calculator solutions (along with the algebraic solutions) to many compound interest problems in Chapters 8-16.

Tips and Traps. Boxed elements inserted at appropriate points in the text draw the student's attention to simplifications, pitfalls, shortcuts, calculator procedures, and common errors.

"Point of Interest" Vignettes. Most chapters contain two or three intriguing illustrations of the application or misapplication of mathematics in business and personal finance.

Net @ssets Boxes. Each of these features provides a brief commentary about a Web site relevant to the topic under discussion. It may be a source of up-to-date data, a useful online calculator, or an interactive chart available on the text's Web site.

Professional Problems. Problems are taken from course materials of the Canadian Institute of Financial Planning and the Institute of Canadian Bankers. These are the two organizations most active in the delivery of financial planning courses in Canada. An icon in the adjacent margin flags these problems. The sample problems demonstrate that the topics covered in a business math course are important to these professional bodies.

Concept Questions. Found at the end of many sections, these questions exercise students' intuition, and test their understanding of concepts, principles, and relationships among variables.

www.Exercise.com. These optional activities are based on a Web site previously mentioned in a Net @ssets box.

Cases. Most of the chapters include a case study within the end-of-chapter material.

Inside-Cover Summaries. For quick reference, the key formulas are summarized on the inside front cover. They are also listed on a tear-out card located as the second-to-last page of the book.)