Understanding Time Value of Money

This course aims to help people develop their skills in understanding the time value of money, analyzing financial cases, and using an engineering economy approach for business purposes.

The time value of money refers to the concept that money has a time-based value, meaning that the value of money today is not the same as the value of money in the future. Understanding this concept is crucial for making informed financial decisions, such as investments or loans.

Analyzing financial cases involves looking at various financial data, such as balance sheets and income statements, to understand the financial health and performance of a company. This skill is essential for making informed decisions about investments, loans, and other financial matters.

Finally, the engineering economy approach is a systematic approach to analyzing financial data, making predictions, and making informed decisions about investments and other financial matters. This approach uses mathematical models and techniques to help individuals and businesses make informed decisions.

Overall, this course is designed to provide individuals with the skills and knowledge needed to make informed financial decisions and apply an engineering economy approach for business purposes.

This course aims to teach students about the time value of money, formulas used to calculate the value of money, and terms used in the economy sector.

The time value of money refers to the concept that money has a time-based value, meaning that the value of money today is not the same as the value of money in the future. This concept is essential for understanding investments, loans, and other financial matters.

Several formulas are used to calculate the value of money, such as present value, future value, and net present value. These formulas are crucial for making informed financial decisions and understanding the impact of interest rates, inflation, and other factors.

The course will also cover several terms used in the economy sector, such as gross domestic product (GDP), inflation, and interest rates. Understanding these terms is essential for analyzing economic trends, making informed financial decisions, and understanding the impact of economic policies.

Overall, this course is designed to provide students with a solid foundation in the concepts, formulas, and terms related to the time value of money and the economy sector. Students will learn how to apply these concepts and formulas to real-world financial situations and make informed decisions based on economic trends and policies.