2 credits
Spring 2026 Distance Learning Upper Division
This course explores the time value of money and its essential role in financial decision-making. Students will use financial concepts such as compound interest, present and future values, annuities, perpetuities, and loan amortization in real-world scenarios. Through practical problem-solving and financial modeling, the course equips students with the tools to assess and compare investment opportunities, calculate interest rates on loans and mortgages, and develop amortization schedules. Hands-on Excel applications solidify key calculations, preparing students for careers in finance, accounting, marketing, economics, human resources, business analytics, supply chain, real estate, and management. This course serves as a foundation for financial analysis and decision-making in professional environments.
Learning Outcomes1Utilize the Time Value of Money concept: Compute future and present values, calculate investment returns, and determine the time needed for an investment to achieve a target value.
2Solve Real-World Financial Problems: Calculate interest rates for loans, mortgages, and annuities while differentiating between various payment structures.
3Utilize Excel for Financial Analysis: Conduct financial calculations efficiently using Excel's built-in functions to assess investments and cash flows.
4Analyze Loan Structures and Amortization: Evaluate financing choices effectively and break down loan payments, interest rates, and amortization schedules.
5Establish a Strong Foundation for Finance Topics: Develop financial decision-making competencies as a cornerstone for professional applications.
Restrictions
made by Purdue students.