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LinkedIn Learning

Using the Time Value of Money to Make Financial Decisions

via LinkedIn Learning

Overview

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Learn about the time value of money to figure out loan payments, save for college and retirement, buy a house, lease or purchase a car, and make long-term business decisions.

Syllabus

Introduction
  • Making financial decisions
1. Time Value of Money Overview
  • The time value of candy
  • Overview of the time value of money terms
  • Common time value of money misunderstandings
2. Impact of Internet Rate and Compounding Period
  • Columbus and the power of compounding
  • The impact of interest rates
  • The impact of compounding periods
3. Doing Time Value of Money Computations with a Business Calculator
  • The time value of money when buying a car
  • Using business calculators
  • Computing a car payment with a business calculator
  • Computing a house payment with a business calculator
  • Computing a house payment with a balloon payment at the end
  • Computing the amount you can afford to borrow
4. Doing Time Value of Money Computations with Excel
  • Mortgage amortization schedules
  • Finding Excel financial functions
  • Computing a car payment using Excel
  • Computing a house payment using Excel
  • Using Excel to construct a loan amortization schedule
  • Computing an effective interest rate using Excel
5. Savings and Retirement
  • Start saving early
  • Growth in savings and the rule of 72
  • Saving for a target amount for a house
  • The importance of starting to save for retirement now
Review and Conclusion
  • Time value of money dangers: A payday loan
  • Where to go from here

Taught by

Jim Stice and Kay Stice

Reviews

4.8 rating at LinkedIn Learning based on 507 ratings

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