The strength of finance is that it takes a structured approach to decision making, with one key building block underlying all decisions — understanding the value of time, or the Time Value of Money (TVM). In this course, we will develop this building block using introductory, and simple, applications. We will learn about the Time Value of Money (TVM), Simple Future Value (FV) , Simple Present Value (PV) , Future Value of Annuity, Loans, compounding, and Valuing Perpetuities. We will introduce the framework in a carefully structured and replicable way to prepare you to explore more advanced applications in the rest of the specialization. In the follow-on courses, we will expand the applications to more complex real-world decisions.
Offered By
University of MichiganAbout this Course
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Flexible deadlines
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Shareable Certificate
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Beginner Level
Some exposure to algebra and problem-solving
Approx. 13 hours to complete
English
Subtitles: Arabic, French, Portuguese (European), Chinese (Simplified), Italian, Vietnamese, Korean, German, Russian, Turkish, English, Spanish
What you will learn
To be able to understand and apply one of the two main building blocks of finance - Time Value of Money (TVM)
To evaluate alternatives
To make decisions
Skills you will gain
- Financial Analysis
- Financial Forecast
- Developing Financial Models
Flexible deadlines
Reset deadlines in accordance to your schedule.
Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Beginner Level
Some exposure to algebra and problem-solving
Approx. 13 hours to complete
English
Subtitles: Arabic, French, Portuguese (European), Chinese (Simplified), Italian, Vietnamese, Korean, German, Russian, Turkish, English, Spanish
Offered by
University of Michigan
The mission of the University of Michigan is to serve the people of Michigan and the world through preeminence in creating, communicating, preserving and applying knowledge, art, and academic values, and in developing leaders and citizens who will challenge the present and enrich the future.
Syllabus - What you will learn from this course
3 hours to complete
Week 1: Time Value of Money - Simple Concepts & Applications
This week, we introduce the framework of time value of money (TVM) in a carefully structured way, with a focus on Future Value using relatively simple applications. As mentioned in the Syllabus, all concepts are introduced using examples and you are strongly encouraged to pause the videos and do every problem.
3 hours to complete
6 videos (Total 64 min), 4 readings
3 hours to complete
Week 2: Time Value of Money - Simple Concepts & Applications (cont.)
During this second week, we build on Week 1 and move to the much more often used concept of Present Value. We again use simple examples, focusing on situations we confront on a daily basis. All concepts are introduced using examples that you need to do yourself to stay on top of the concepts. The second week also provides you an opportunity to test your knowledge up to this point with a required submission of the first graded assignment.
3 hours to complete
2 videos (Total 25 min), 1 reading, 2 quizzes
2 hours to complete
Week 3: Time Value of Money - Annuities
During this week, we will progress to more complex concepts and applications of finance.
2 hours to complete
5 videos (Total 71 min), 1 reading
6 hours to complete
Week 4: Time Value of Money - Complex Applications
This week ends the course with relatively complex applications of finance. We spend a lot of time on understanding how borrowing and lending really works. You will also get an opportunity to test your understanding of the basic principles of time value of money by submitting the second assignment for the course. You will also learn how top use Excel and show your competence in doing so.
6 hours to complete
4 videos (Total 60 min), 2 readings, 2 quizzes
Reviews
- 5 stars84.43%
- 4 stars13.48%
- 3 stars1.83%
- 1 star0.24%
TOP REVIEWS FROM INTRODUCTION TO TIME VALUE OF MONEY (TVM)
by ASApr 21, 2019
A course fundamental to finance taught passionately and intuitively. Highly recommended for all students and practitioners who want to get their fundas right!
by JENov 2, 2020
This course is great for finance and even engineering students. Basic concepts of time value of money are well explained. Thanks to the instructor!
by ZUOct 10, 2020
IT WAS LITERALLY AMAZING AND HELPING! THE TEACHER IS EXTREMELY POSITIVE AND STIMULATING! NOW I UNDERSTAND THIS TOPIC FULLY WITHOUT ANY HARDSHIP!THANKS A TON SIR!
by JKApr 1, 2021
Professor Kaul showed passion for the course material. Lessons are to the point and informational. I would recommend to anyone introducing themselves to the subject of finance or economics.
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