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Advances in Teaching the Time Value of MoneyTerrance JalbertUniversity of Hawaii at Hilo - Department of Business Administration Mercedes JalbertThe Institute for Business and Finance Research Canri Chanaffiliation not provided to SSRN August 1, 2004 Journal of College Teaching and Learning, Vol. 1, No. 8, pp. 7-12, August 2004 Abstract: Students frequently experience difficulty in identifying the appropriate time value of money (TVM) technique to apply to a TVM problem. This paper offers a modification of a recently published TVM technique developed by Jalbert (2002) in order to help students understand and solve TVM problems. The modified technique developed here simplifies the previously developed technique by reducing the number of questions that students must examine to arrive at the appropriate TVM technique for a problem. In addition, the technique developed here eliminates the need for students to learn annuity techniques altogether. As such, the technique developed here specifically intends to meet the needs of students who experience difficulty in understanding annuities. Modified visual aids are provided to assist students in selecting correct techniques. By using these techniques, students will find it much easier to identify appropriate TVM techniques.
Number of Pages in PDF File: 5 Keywords: Time Value of Money, Teaching Finance, Teaching Accounting, Teaching Techniques JEL Classification: A2, M4 Accepted Paper SeriesDate posted: August 26, 2009 ; Last revised: June 17, 2011Suggested CitationContact Information
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