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.
About this Course
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
In this specialization, you’ll focus on the mechanics and intuition of the main building block of finance — the time value of money. You’ll learn the structure and basics through assignments and tests that are introductory in nature but with real-world applications.
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