Introduction to Time Value of Money

In this course, you will learn about time preference and the economic components of nominal interest rates. We will demonstrate the quantitative methods used to value products with multiple cash flows over longer time periods. Calculation of internal rate of return (IRR), present value (PV) and future value (FV) will also be shown using single period and annuity examples.

• Explain the economic foundation of time preference.
• Identify the components of nominal interest rates.
• Use quantitative methods to value products with multiple cash flows over longer time periods.
• Calculate internal rate of return (IRR), present value (PV) and future value (FV).

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