Essentials of Finance
Prior to beginning work on this discussion forum,
- Read Chapter 4, Chapter 5, section 5.1 in the Essentials of Finance (2nd ed.) textbook.
- Complete the Week 3 – Learning Activity 1Review the pdf for The Value of Money Problems. (attached)
Reflect
Time value of money concepts and math form the cornerstone of finance. This discussion is an opportunity for you to practice using these formulas and to progress in your understanding of this important topic. You will use these concepts later in this course, in other finance courses, and throughout your career and personal life. Like many concepts, each time you work with time value of money problems, you may develop a slightly different, deeper, and more thorough understanding of the theory. Some of you may be quite comfortable using these formulas, while others may need to spend extra time focusing on mathematics. However, all of you can progress in your abilities through this discussion activity.
Write
In your initial discussion forum post,
- Explain the meaning of your assigned problem in the PDF, Time Value of Money Problems. (attached)
- Calculate the solution to your assigned problem (from the attached PDF) using one of these four methods and include an attachment with your solution in your post.
- Google calculator: https://www.google.com/search?q=google+calculator&…
- Review the SOLVING TIME VALUE MONEY PROBLEMS USING GOOGLE CALCULATOR (attached) handout for assistance if needed.
- Your attachment should be a PDF image of the solved problem in Google Calculator.
- Microsoft Excel
- Review the SOLVING TIME VALUE MONEY PROBLEMS USING Microsoft Excel Formulas handout for assistance if needed. Your attachment should be your spreadsheet.
- Review the SOLVING TIME VALUE MONEY PROBLEMS USING Microsoft Excel and math handout for assistance if needed. Your attachment should be your spreadsheet.
- Written math solution. You can write the problem out and provide an image of your solution, type the math steps into Word, or type the math steps into Canvas.
- Your attachment should be a PDF image of your handwritten math solution or your Word document. If you type the math steps into Canvas, you do not need an attachment.
- Written math solution. You can write the problem out and provide an image of your solution, type the math steps into Word, or type the math steps into Canvas.
- Calculate the solution to your assigned problem using the online solver https://www.britannica.com/calculators/tvm-calcula… and include a PDF image of this webpage with this solution to your problem in your written post:
- Compare your answer from your selected method to the solution from the online solver.
- Explain your answers to the following questions:
- If the rate in the problem was higher, would the solution be higher or lower?
- If the time period in the problem was shorter, would the solution be higher or lower?
- Describe an element of this problem that was challenging to you.
- Ask at least one question about time value of money mathematics.
- NOTE: The question should be on concepts or usage of time value of money mathematics; this should not be a question that requires any calculations.
Requirements: clear
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