Time Value of Money

Introduction

You will rely on the concepts underlying Time Value of Money and its measurement, particularly in accounting and finance   If you have NEVER worked in the fields of finance or accounting, nor taken any finance/accounting courses, we strongly suggest that you become familiar with Time Value of Money (TVM) concepts. TVM is used in the first Accounting course, so you will need to understand this material well as you begin the program.

What You Should Know

  • Present Value
  • Future Value
  • Annuities and Amortization
  • Net Present Value and Internal Rate of Return
  • What a Bond is

If You Want to Review or Preview on Your Own

The following materials are recommended:

Choice 1: (admitted students only)
Pre-Program Math Foundations software - Module I Chapter 2, and Module IV
OR
Choice 2:
Short online course Essential Prep Finance, published by GMAC. Topics include: Time Value of Money, Forecasting, Project Evaluation, and Required Rates of Return.  The material can be obtained at   http://www.mba.com/store/store-catalog/mba-and-career-preparation/