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Gautam Kaul
This course builds upon the fundamental concept of Time Value of Money (TVM) using more advanced applications and questions. You will apply the TVM concept in real-life problems of financial planning and saving for college. You will also learn more about loans and apply TVM concepts to borrowing and lending. You will realize that — while the applications are seemingly more complex, but when seen and broken-up into bite-size components — the framework, principles, and tools remain the same.
Read more
This course builds upon the fundamental concept of Time Value of Money (TVM) using more advanced applications and questions. You will apply the TVM concept in real-life problems of financial planning and saving for college. You will also learn more about loans and apply TVM concepts to borrowing and lending. You will realize that — while the applications are seemingly more complex, but when seen and broken-up into bite-size components — the framework, principles, and tools remain the same.
Read more
This course builds upon the fundamental concept of Time Value of Money (TVM) using more advanced applications and questions. You will apply the TVM concept in real-life problems of financial planning and saving for college. You will also learn more about loans and apply TVM concepts to borrowing and lending. You will realize that — while the applications are seemingly more complex, but when seen and broken-up into bite-size components — the framework, principles, and tools remain the same.
After completing this course you will have an understanding of the detailed mechanics and reasoning behind any decision you make that has consequences for the future. The deeper exposure to financial transactions you will be applicable in any/all decisions. The great news is that these concepts and skills will transfer to your professional/business decisions.
This course is part of the four-course Foundational Finance for Strategic Decision Making Specialization.
Register for this course and see more details by visiting:
OpenCourser.com/course/7zmt3r/advanced
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What's inside
Syllabus
Week 1: Mega Application I - Saving for College
This week we will start this course with the first Mega Application that will expose us to more real-world situations confronted by us all. You are strongly encouraged to think through an application and draw timelines to realize that complex applications are a collection of the simpler ones we dealt with Course 1. As you work through the four Mega Applications in this course, look to find the common themes. In this application, we will start with a classic example of saving for a future need - to attend college.
Read more
Syllabus
Week 1: Mega Application I - Saving for College
This week we will start this course with the first Mega Application that will expose us to more real-world situations confronted by us all. You are strongly encouraged to think through an application and draw timelines to realize that complex applications are a collection of the simpler ones we dealt with Course 1. As you work through the four Mega Applications in this course, look to find the common themes. In this application, we will start with a classic example of saving for a future need - to attend college.
Read more
Traffic lights
Traffic lights
Read about what's good
what should give you pause and
possible dealbreakers
Applies the Time Value of Money to real-world financial scenarios, enhancing its relevance and comprehension for learners
Emphasizes the practical applications of financial concepts, making it suitable for professionals and business leaders
Suitable for learners with a background in the Time Value of Money concept and financial principles
Helps learners develop a deeper understanding of lending and borrowing, empowering them with essential financial knowledge
Explores financial planning and saving for future needs, equipping learners with practical skills for personal finance management
Taught by Gautam Kaul, an experienced instructor in financial concepts, ensuring quality instruction and subject matter expertise
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Reviews summary
Advanced tvm: practical real-world applications
According to learners, this course offers practical, real-world applications of Time Value of Money concepts, making complex financial scenarios like college savings, financial planning, and loan calculations highly relevant. Many appreciate the instructor's ability to demystify daunting material and the approach of breaking down problems into bite-sized components. While widely praised for its strong practical focus and being an excellent follow-up to foundational finance, some students note a significant difficulty jump between lectures and graded assignments. A few also suggest more intermediate examples or scaffolding could further enhance the learning experience, especially for those who feel the pace can be inconsistent.
Builds heavily on foundational TVM knowledge; not for beginners.
"This course is incredibly well-structured and builds perfectly on the foundational finance course."
"Good course, but definitely requires a strong prior understanding of basic TVM. It builds heavily on the first course."
"I found the jump from the foundational course to this one quite significant."
Instructor effectively clarifies complex financial scenarios.
"The instructor's approach made what could be daunting material very accessible."
"The content is presented clearly, and the instructor does a fantastic job of demystifying complex financial scenarios."
"The instructor's explanations are thorough..."
Utilizes a 'bite-sized' approach to simplify advanced problems.
"I found the breakdown of complex problems into bite-sized components incredibly helpful..."
"The instructor clearly explains how to break down even the most daunting financial problems into manageable steps."
"The key concepts here are again the same... but the issue is one of breaking down more difficult problems into bite-size pieces..."
Directly applicable to financial planning and professional scenarios.
"The 'Mega Applications' truly connect the theoretical concepts to real-world financial planning and loan scenarios."
"As a professional, I could immediately see the relevance of the concepts in my daily work, particularly with loan calculations and investment planning."
"The focus on college savings and loans was extremely relevant to my personal finance goals, and also applicable to my professional work."
Some learners desire more intermediate examples or support.
"I sometimes wished for more explicit step-by-step guidance on applying them to the very complex assignment questions."
"I think more intermediate examples are needed."
"Better scaffolding or more worked examples for the harder problems would be beneficial."
Graded assignments present a significant jump in difficulty.
"Some of the graded questions felt significantly harder than the examples provided, requiring a lot of extra effort and re-watching lectures."
"My only critique would be that the assignments could sometimes be frustratingly difficult, even after reviewing the lectures multiple times."
"The assignments were particularly tough and sometimes felt disconnected from the lecture examples."
Activities
Be better prepared
before
your course. Deepen your understanding
during
and
after
it. Supplement your coursework and achieve mastery of the topics covered
in Advanced Concepts in Time Value of Money (TVM) with these
activities:
Volunteer at a financial literacy organization
Show steps
Share your knowledge of time value of money and financial planning by volunteering at an organization that provides financial literacy education to underserved communities.
Browse courses on
Time Value of Money
Show steps
-
Find financial literacy organizations in your area.
-
Contact the organizations and inquire about volunteer opportunities.
-
Attend volunteer training to learn about the organization's mission and programs.
-
Volunteer your time to teach financial literacy workshops or provide one-on-one counseling.
Calculate the cost of a college education
Show steps
Apply time value of money concepts to a real-life scenario by calculating the future cost of a college education and developing a savings plan to meet that goal.
Browse courses on
Time Value of Money
Show steps
-
Research the current cost of tuition, fees, and living expenses for your desired college.
-
Estimate the future cost of college based on inflation rates.
-
Calculate the present value of the future cost of college using time value of money formulas.
-
Develop a savings plan to reach your financial goal.
Review formulas for time value of money
Show steps
Reinforce your understanding of the fundamental concepts of time value of money to prepare for more advanced applications and questions.
Browse courses on
Time Value of Money
Show steps
-
Go over the basic formulas for present value, future value, and annuities.
-
Solve practice problems using these formulas.
Four other activities
Expand to see all activities and additional details
Show all seven activities
Calculate time value of money using online calculators
Show steps
Gain proficiency in using online calculators to solve time value of money problems.
Browse courses on
Time Value of Money
Show steps
-
Find reputable online time value of money calculators.
-
Input various scenarios and calculate present value, future value, and annuities.
Watch tutorials on advanced time value of money applications
Show steps
Expand your knowledge of time value of money by watching tutorials on real-life applications, such as financial planning and loans.
Browse courses on
Time Value of Money
Show steps
-
Search for tutorials on specific applications of time value of money.
-
Watch the tutorials and take notes on key concepts.
-
Apply the concepts to practice problems.
Develop a financial plan using time value of money concepts
Show steps
Apply your time value of money knowledge to create a comprehensive financial plan for a specific goal, such as retirement or purchasing a home.
Browse courses on
Time Value of Money
Show steps
-
Determine your financial goals and objectives.
-
Gather your financial data and assumptions.
-
Use time value of money formulas to calculate future values and present values.
-
Create a detailed financial plan outlining your investment strategy and risk management.
Participate in a financial planning competition
Show steps
Test your financial planning skills and knowledge by participating in a competition that challenges you to solve real-world financial problems.
Browse courses on
Time Value of Money
Show steps
-
Find financial planning competitions that are relevant to your interests.
-
Form a team or work individually on a financial planning case study.
-
Use time value of money concepts to analyze the case study and develop a financial plan.
-
Submit your financial plan to the competition.
-
Receive feedback on your plan and learn from the winning submissions.
Volunteer at a financial literacy organization
Show steps
Share your knowledge of time value of money and financial planning by volunteering at an organization that provides financial literacy education to underserved communities.
Browse courses on
Time Value of Money
Show steps
Show steps
Show steps
- Find financial literacy organizations in your area.
- Contact the organizations and inquire about volunteer opportunities.
- Attend volunteer training to learn about the organization's mission and programs.
- Volunteer your time to teach financial literacy workshops or provide one-on-one counseling.
Calculate the cost of a college education
Show steps
Apply time value of money concepts to a real-life scenario by calculating the future cost of a college education and developing a savings plan to meet that goal.
Browse courses on
Time Value of Money
Show steps
Show steps
Show steps
- Research the current cost of tuition, fees, and living expenses for your desired college.
- Estimate the future cost of college based on inflation rates.
- Calculate the present value of the future cost of college using time value of money formulas.
- Develop a savings plan to reach your financial goal.
Review formulas for time value of money
Show steps
Reinforce your understanding of the fundamental concepts of time value of money to prepare for more advanced applications and questions.
Browse courses on
Time Value of Money
Show steps
Show steps
Show steps
- Go over the basic formulas for present value, future value, and annuities.
- Solve practice problems using these formulas.
Four other activities
Expand to see all activities and additional details
Show all seven activities
Calculate time value of money using online calculators
Show steps
Gain proficiency in using online calculators to solve time value of money problems.
Browse courses on
Time Value of Money
Show steps
Show steps
Show steps
- Find reputable online time value of money calculators.
- Input various scenarios and calculate present value, future value, and annuities.
Watch tutorials on advanced time value of money applications
Show steps
Expand your knowledge of time value of money by watching tutorials on real-life applications, such as financial planning and loans.
Browse courses on
Time Value of Money
Show steps
Show steps
Show steps
- Search for tutorials on specific applications of time value of money.
- Watch the tutorials and take notes on key concepts.
- Apply the concepts to practice problems.
Develop a financial plan using time value of money concepts
Show steps
Apply your time value of money knowledge to create a comprehensive financial plan for a specific goal, such as retirement or purchasing a home.
Browse courses on
Time Value of Money
Show steps
Show steps
Show steps
- Determine your financial goals and objectives.
- Gather your financial data and assumptions.
- Use time value of money formulas to calculate future values and present values.
- Create a detailed financial plan outlining your investment strategy and risk management.
Participate in a financial planning competition
Show steps
Test your financial planning skills and knowledge by participating in a competition that challenges you to solve real-world financial problems.
Browse courses on
Time Value of Money
Show steps
Show steps
Show steps
- Find financial planning competitions that are relevant to your interests.
- Form a team or work individually on a financial planning case study.
- Use time value of money concepts to analyze the case study and develop a financial plan.
- Submit your financial plan to the competition.
- Receive feedback on your plan and learn from the winning submissions.
Career center
Learners who complete Advanced Concepts in Time Value of Money (TVM) will develop knowledge and skills
that may be useful to these careers:
Mortgage Broker
Mortgage Broker
Mortgage Brokers help individuals and families obtain financing for homes and other real estate. This course may be useful for aspiring Mortgage Brokers, as it provides a strong foundation in TVM and its applications in mortgage analysis. The course also covers the concepts of loans and borrowing, which are essential for evaluating and approving mortgage applications.
Loan Officer
Loan Officer
Loan Officers assess and approve loan applications, ensuring compliance with lending regulations. This course may be useful for aspiring Loan Officers, as it provides a strong foundation in TVM and its applications in loan analysis. The course also covers the concepts of loans and borrowing, which are essential for evaluating and approving loan applications.
Personal Financial Advisor
Personal Financial Advisor
Personal Financial Advisors provide individualized financial advice and guidance to individuals and families. This course may be useful for aspiring Personal Financial Advisors, as it provides a strong foundation in TVM and its applications in financial planning. The course also covers the concepts of saving for college and retirement, which are key areas of focus for Personal Financial Advisors.
Financial Consultant
Financial Consultant
Financial Consultants provide financial advice and guidance to individuals and businesses. This course may be useful for aspiring Financial Consultants, as it provides a strong foundation in financial analysis and TVM. The course also covers the concepts of loans and borrowing, which are relevant to financial consulting and advisory services.
Quantitative Analyst
Quantitative Analyst
Quantitative Analysts use mathematical and statistical models to analyze financial data and make investment decisions. This course may be useful for aspiring Quantitative Analysts, as it provides a strong foundation in financial analysis and TVM. The course also covers the concepts of loans and borrowing, which are relevant to quantitative analysis and investment decisions.
Financial Data Scientist
Financial Data Scientist
Financial Data Scientists use data science techniques to analyze financial data and make investment decisions. This course may be useful for aspiring Financial Data Scientists, as it provides a strong foundation in financial analysis and TVM. The course also covers the concepts of loans and borrowing, which are relevant to financial data science and investment decisions.
Financial Planner
Financial Planner
Financial Planners help individuals and families develop and manage their finances. This course may be useful for aspiring Financial Planners, as it provides a strong foundation in TVM and its applications in financial planning. The course also covers the concepts of saving for college and retirement, which are key areas of focus for Financial Planners.
Portfolio Manager
Portfolio Manager
Portfolio Managers oversee and manage investment portfolios for individuals and institutions. This course may be useful for aspiring Portfolio Managers, as it provides a strong foundation in TVM and its applications in investment analysis. The course also covers the concepts of loans and borrowing, which are relevant to investment decisions.
Financial Manager
Financial Manager
Financial Managers oversee the financial aspects of an organization, including budgeting, cash flow, and investment management. This course may be useful for aspiring Financial Managers, as it provides a strong foundation in TVM and its applications in financial planning and investment analysis. The course also covers the concepts of loans and borrowing, which are relevant to financial management and investment decisions.
Investment Analyst
Investment Analyst
Investment Analysts evaluate and recommend investments for individuals and institutions. This course may be useful for aspiring Investment Analysts, as it provides a strong foundation in TVM and its applications in financial planning and investment analysis. The course also covers the concepts of loans and borrowing, which are relevant to investment decisions.
Risk Analyst
Risk Analyst
Risk Analysts assess and manage financial risks for individuals and institutions. This course may be useful for aspiring Risk Analysts, as it provides a strong foundation in TVM and its applications in financial analysis. The course also covers the concepts of loans and borrowing, which are relevant to risk assessment and management.
Securities Trader
Securities Trader
Securities Traders buy and sell stocks, bonds, and other financial instruments for individuals and institutions. This course may be useful for aspiring Securities Traders, as it provides a strong foundation in TVM and its applications in investment analysis. The course also covers the concepts of loans and borrowing, which are relevant to trading and investment decisions.
Venture Capitalist
Venture Capitalist
Venture Capitalists invest in early-stage companies with high growth potential. This course may be useful for aspiring Venture Capitalists, as it provides a strong foundation in financial analysis and TVM. The course also covers the concepts of loans and borrowing, which are relevant to venture capital investment decisions.
Financial Software Engineer
Financial Software Engineer
Financial Software Engineers develop and maintain software applications for financial institutions and companies. This course may be useful for aspiring Financial Software Engineers, as it provides a strong foundation in financial analysis and TVM. The course also covers the concepts of loans and borrowing, which are relevant to financial software development.
Financial Analyst
Financial Analyst
Financial Analysts apply their knowledge of economics and finance to analyze market trends and make recommendations for investment. This course may be useful for aspiring Financial Analysts, as it provides a strong foundation in TVM, a fundamental concept in finance. The course also covers real-life applications of TVM in financial planning, college savings, and loan analysis. These concepts are essential for Financial Analysts who need to analyze and make decisions on financial transactions.
For more career information including salaries, visit:
OpenCourser.com/course/7zmt3r/advanced
Reading list
We've selected eight books
that we think will supplement your
learning. Use these to
develop background knowledge, enrich your coursework, and gain a
deeper understanding of the topics covered in
Advanced Concepts in Time Value of Money (TVM).
Provides a theoretical foundation for understanding the time value of money and its applications in economic decision-making.
Focuses on the application of TVM in financial planning, providing practical examples and case studies.
This textbook provides a comprehensive overview of TVM concepts and applications.
This textbook provides a comprehensive overview of options, futures, and derivatives, including advanced TVM concepts.
This textbook provides a clear and concise introduction to the mathematical concepts used in economics, business, and finance, including TVM.
This classic textbook provides a comprehensive overview of derivative markets, including advanced TVM concepts.
This textbook provides a comprehensive overview of the mathematical concepts used in business, economics, and the social sciences, including TVM.
This textbook provides a comprehensive overview of the mathematics and statistics used in financial risk management, including TVM.
For more information about how these books relate to this course, visit:
OpenCourser.com/course/7zmt3r/advanced
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University of Michigan
Instructor
Gautam Kaul
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This course belongs to a
collection
called
Foundational Finance for Strategic Decision Making. It's comprised of four courses:
- Introduction to Time Value of Money (TVM)
- Advanced Concepts in Time Value of Money (TVM) (viewing)
- Advanced Understanding of Stocks and Bonds
- Stocks and Bonds
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