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Learner Reviews & Feedback for Introduction to Time Value of Money (TVM) by University of Michigan

841 ratings

About the Course

The strength of finance is that it takes a structured approach to decision making, with one key building block underlying all decisions — understanding the value of time, or the Time Value of Money (TVM). In this course, we will develop this building block using introductory, and simple, applications. We will learn about the Time Value of Money (TVM), Simple Future Value (FV) , Simple Present Value (PV) , Future Value of Annuity, Loans, compounding, and Valuing Perpetuities. We will introduce the framework in a carefully structured and replicable way to prepare you to explore more advanced applications in the rest of the specialization. In the follow-on courses, we will expand the applications to more complex real-world decisions. After completing this course, you will have an understanding of how the value of money changes over time. You will understand the implications of all your financial decisions, including saving for the future through different channels and borrowing for future needs. You will leave with the practical knowledge needed to make informed decisions on a wide range of financial decisions. This course is part of the four-course Foundational Finance for Strategic Decision Making Specialization....

Top reviews


Apr 1, 2021

Professor Kaul showed passion for the course material. Lessons are to the point and informational. I would recommend to anyone introducing themselves to the subject of finance or economics.


May 25, 2020

The course speed was really good for a noobie like me in the finance. Having a grip on fundamentals is essentials thanks for making me understand . Thanks and greets to Gautam Kaul. :)

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151 - 175 of 189 Reviews for Introduction to Time Value of Money (TVM)

By A D S S

Nov 5, 2019

The Best

By Maged H

Nov 9, 2019


By Nisar A

Apr 29, 2020



Aug 24, 2020



Jun 7, 2020


By Abraham Y

Jun 8, 2021

The course progress is 'slow' but I believe it is good, as this provides time for understanding the concept instead of using the Excel formula mechanically. And the teaching assistant has helped a lot in explaining the question to me.

My only hope is that if Professor could use Excel to show the money change in each period (per the formula) with data so to illustrate the rationale of the formula. And this would help check if the calculated answer is correct. For the sake of learning the concept instead of using the formula (as the Professor stressed and I could not agree it more) such line by line change seems tedious but such illustration would greatly help.

By Erica S

Jun 5, 2021

Very well delivered course. The tutor kept me engaged and explained the concepts in an easy to understand way. I especially liked the use of Excel to calculate the solutions.

I give it four stars because in the forums when I posted a question that I did not understand the solution was not given. I found this a bit frustrating because I did not know where I was going wrong and an explanation would have been helpful.

By Shiksha V

Aug 9, 2020

The classes were great. The concepts taught were cleared with detailed explanations and real world examples and breaks. As per the complexity of this course I feel if examples could be added more, that would've helped to understand better. Apart from this, even few assignment questions were tricky & related to real world. The notes were also crisp.

Thank you sir!

By Jannatul M A

May 21, 2020

I loved doing the course. However, since this is from 2012, I would like to ask for upgrades in lesson content, including more on the types of Annuity and relevant problems on each type, and a little more on EAR and APR and rates. Thank you for clearing my head on most of the topics I previously had little idea about. I am grateful to the teacher!

By Jason Z

Jul 9, 2020

The professor is pretty good, but goes off topic sometimes and sometimes takes really long to explain a basic concept. Also, instead of using so many spreadsheets, the professor could improve the course by explain more conceptual stuff, such as breaking down formulas, etc. Overall, I would still highly recommend this course though.

By Brendan R

Feb 29, 2020

Everything made sense during the lessons but during the quizzes there seemed to be some questions that really came from out of left field. And I would go back to the lessons but couldn't find an answer from his teachings. That was very frustrating.

By Prof. ( S K S

Aug 1, 2020

Course is explained in a very simple way. However, for the person of finance background and average learners, it seems to be at very slow pace.

Good course.

By Kaushal B

May 1, 2020

Really good course. Could do better while explaining the intuition behind the time value of money.

Otherwise, a good course

By Saishankar S

Aug 2, 2020

The concepts of time value across different types of loans/annuities/mortgages are introduced nicely.


May 12, 2020

I have seen that a few problems given in the quiz and assignment are not covered in the lecture.

By Kamyar K

May 19, 2020

For a course without credit, there should be unlimited quiz attempts.

Everything else was great!

By Kalp L J

May 29, 2020

Thecourse was indeed helpful and gave abetter understanding of finance and compounding.

By Stuti G

Apr 14, 2020

The course is very basic in nature and seems to be oriented towards complete novices.

By Amaykumar I

Jul 4, 2020

Very nice and easy to understand. Expected more from this course like IRR also

By Siddharth P

May 19, 2020

Very Knowledgeable, learned some insights about the basics of Finance

By Rosa C

Jun 3, 2020

Simplesmente espectacular! Óptima didática do professor, e conteúdo

By Suman A

May 25, 2020

This one of the fundamental course, everyone must do this course.

By Sherry

Sep 4, 2019

Very useful and deliberated. The pace is a little bit too slow.

By Stephen H

May 2, 2019

The information was organized and clearly communicated.

By chong d

Sep 22, 2019

Easy for Beginner and useful information