About this Course
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Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Beginner Level

Beginner Level

Some exposure to algebra and problem-solving

Hours to complete

Approx. 11 hours to complete

Suggested: You will need to spend 3-5 hours a week....
Available languages

English

Subtitles: English

What you will learn

  • Check

    To be able to understand and apply one of the two main building blocks of finance - Time Value of Money (TVM)

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    To evaluate alternatives

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    To make decisions

Skills you will gain

Financial AnalysisFinancial ForecastDeveloping Financial Models
100% online

100% online

Start instantly and learn at your own schedule.
Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Beginner Level

Beginner Level

Some exposure to algebra and problem-solving

Hours to complete

Approx. 11 hours to complete

Suggested: You will need to spend 3-5 hours a week....
Available languages

English

Subtitles: English

Syllabus - What you will learn from this course

Week
1
Hours to complete
3 hours to complete

Week 1: Time Value of Money - Simple Concepts & Applications

This week, we introduce the framework of time value of money (TVM) in a carefully structured way, with a focus on Future Value using relatively simple applications. As mentioned in the Syllabus, all concepts are introduced using examples and you are strongly encouraged to pause the videos and do every problem....
Reading
6 videos (Total 64 min), 3 readings
Video6 videos
1.1 Time Value of Money12m
1.2 Simple Future Value (FV)14m
1.3 Simple FV... 10m
1.4 Simple FV: Example 19m
1.5 Simple FV: Example 2 5m
Reading3 readings
Specialization Syllabus45m
Course 1 - Syllabus30m
Note-Formulae30m
Week
2
Hours to complete
3 hours to complete

Week 2: Time Value of Money - Simple Concepts & Applications (cont.)

During this second week, we build on Week 1 and move to the much more often used concept of Present Value. We again use simple examples, focusing on situations we confront on a daily basis. All concepts are introduced using examples that you need to do yourself to stay on top of the concepts. The second week also provides you an opportunity to test your knowledge up to this point with a required submission of the first graded assignment....
Reading
2 videos (Total 25 min), 1 reading, 2 quizzes
Video2 videos
2.2 Recap of TVM7m
Reading1 reading
Note-Spreadsheets30m
Quiz2 practice exercises
Practice Assignment 1s
Assignment 1s
Week
3
Hours to complete
2 hours to complete

Week 3: Time Value of Money - Annuities

During this week, we will progress to more complex concepts and applications of finance....
Reading
5 videos (Total 71 min), 1 reading
Video5 videos
3.2 FV of Annuity: Example 120m
3.3 FV of Annuity: Example 210m
3.4 PV of Annuity: Concept8m
3.5 PV of Annuity: Examples17m
Reading1 reading
Note-Formulae30m
Week
4
Hours to complete
6 hours to complete

Week 4: Time Value of Money - Complex Applications

This week ends the course with relatively complex applications of finance. We spend a lot of time on understanding how borrowing and lending really works. You will also get an opportunity to test your understanding of the basic principles of time value of money by submitting the second assignment for the course. You will also learn how top use Excel and show your competence in doing so....
Reading
4 videos (Total 60 min), 1 reading, 2 quizzes
Video4 videos
4.2 Compounding10m
4.3 Valuing Perpetuities12m
4.4 Mega Example: Putting it All Together!16m
Reading1 reading
Note-Spreadsheets30m
Quiz2 practice exercises
Practice Assignment 2s
Assignment 2s

Instructor

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Gautam Kaul

Professor of Finance & Fred M. Taylor Professor of Business Administration
Ross School of Business

About University of Michigan

The mission of the University of Michigan is to serve the people of Michigan and the world through preeminence in creating, communicating, preserving and applying knowledge, art, and academic values, and in developing leaders and citizens who will challenge the present and enrich the future....

About the Foundational Finance for Strategic Decision Making Specialization

Understand and apply the foundational principles of finance to most business problems and strategies. This integrated set of courses focuses on both the theory and practice of financial decision-making through an applied lens. Ideal for learners seeking to advance their career and/or pursue a business degree, such as a Master of Business Administration (MBA) degree, a great understanding of foundational concepts in finance will help you to understand the principles of personal finance and investing. After successful completion of the four-course program, you will be equipped to make thoughtful decisions based on a framework built using multiple advances in modern financial theory....
Foundational Finance for Strategic Decision Making

Frequently Asked Questions

  • Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.

  • When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

More questions? Visit the Learner Help Center.