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Using the Time Value of Money to Make Financial Decisions

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Jim Stice and Earl Stice,Jim Stice and Earl Stice

1:36:49

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  • 01 - Making financial decisions.mp4
    00:54
  • 01 - The time value of candy.mp4
    03:03
  • 02 - Overview of the time value of money terms.mp4
    04:09
  • 03 - Common time value of money misunderstandings.mp4
    03:59
  • 01 - Columbus and the power of compounding.mp4
    02:51
  • 02 - The impact of interest rates.mp4
    04:06
  • 03 - The impact of compounding periods.mp4
    04:36
  • 01 - The time value of money when buying a car.mp4
    02:20
  • 02 - Using business calculators.mp4
    03:58
  • 03 - Computing a car payment with a business calculator.mp4
    04:58
  • 04 - Computing a house payment with a business calculator.mp4
    04:46
  • 05 - Computing a house payment with a balloon payment at the end.mp4
    04:40
  • 06 - Computing the amount you can afford to borrow.mp4
    03:53
  • 01 - Mortgage amortization schedules.mp4
    04:52
  • 02 - Finding Excel financial functions.mp4
    04:17
  • 03 - Computing a car payment using Excel.mp4
    04:00
  • 04 - Computing a house payment using Excel.mp4
    05:14
  • 05 - Using Excel to construct a loan amortization schedule.mp4
    05:11
  • 06 - Computing an effective interest rate using Excel.mp4
    04:08
  • 01 - Start saving early.mp4
    02:14
  • 02 - Growth in savings and the rule of 72.mp4
    04:17
  • 03 - Saving for a target amount for a house.mp4
    03:53
  • 04 - The importance of starting to save for retirement now.mp4
    04:23
  • 01 - Time value of money dangers A payday loan.mp4
    02:26
  • 02 - Where to go from here.mp4
    03:41
  • Glossary_TimeValueMoney_Financial_Decisions.zip
  • Description


    Learn how understanding the time value of money can help you figure out loan payments, save for college and retirement, rent or buy a house, lease or purchase a car, and make long-term business decisions. Accounting professors Jim and Kay Stice explain the linked concepts of the time value of money and compound interest, show you how to calculate the time value of money in Microsoft Excel or on a calculator, and how to apply the time value of money to a variety of personal and professional financial scenarios.

    Learn more about interest rates and investments in the Stices' Finance Foundations course.

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    Jim Stice and Earl Stice
    Jim Stice and Earl Stice
    Instructor's Courses
    I am the Distinguished Teaching Professor in the Marriott School of Management at Brigham Young University. I have served as an Associate Dean of the Marriott School. I also served for eight years as the director of BYU's MBA Program. I hold bachelor's and master's degrees in accounting from BYU and a PhD in accounting from the University of Washington. I have been on the faculty at BYU since 1988. During my time at BYU, I have been selected by graduating accounting students as “Teacher of the Year” on numerous occasions; I was selected by my peers in the Marriott School at BYU to receive the “Outstanding Teaching Award,” and I was selected by the University to receive its highest teaching award, the Maeser Excellence in Teaching Award. I have taught in academic and executive education programs in the United States, Europe, South Africa, Singapore, and China for such companies as IBM, Bank of America, and Ernst & Young. I have published articles in the Journal of Accounting Research, The Accounting Review, Decision Sciences, Issues in Accounting Education, The CPA Journal, and other academic and professional journals. In addition to teaching and research, I have served on the board of directors of a publicly-traded company that was taken private and on the Audit Committee for Deseret Management Corporation. I have been writing accounting textbooks since 1990. I am co-author of Intermediate Accounting, 19th edition; Accounting: Concepts and Applications, 11th edition; and Financial Accounting: Reporting and Analysis, 7th Edition. I am now the co-creator (with my brother Kay and with our colleague Steve Albrecht) of online textbooks for Financial and Managerial Accounting courses at MyEducator.com. My brother Kay and I have been teaching accounting for decades. Together we have over 70 years of experience in the classroom. We are passionate about teaching accounting and are grateful for the opportunity afforded us on LinkedIn Learning to share our passion with others.
    Jim Stice and Earl Stice
    Jim Stice and Earl Stice
    Instructor's Courses
    I am the PricewaterhouseCoopers Professor of Accounting at Brigham Young University (BYU). I hold bachelors and masters degrees from BYU and a Ph.D. from Cornell University. I have been on the full-time faculty at Rice University, the University of Arizona, and the Hong Kong University of Science and Technology (HKUST). In addition, for two years I was the Ernst & Young Professor of Accounting and Finance at Nazarbayev University in Astana, Kazakhstan. I won the Phi Beta Kappa teaching award at Rice University, was twice selected as one of the ten best lecturers on campus at HKUST, won six teaching awards at Nazarbayev University, and was awarded the Maeser Excellence in Teaching Award at BYU, the university’s highest teaching honor. I have taught in a variety of executive education and corporate training programs in the United States, Hong Kong, China, Russia, Singapore, Malaysia, France, and South Africa. I am currently on the executive MBA faculty of HKUST in Hong Kong and the Moscow School of Management (Skolkovo). In the Kellogg-HKUST EMBA program, which has been ranked #1 in the world (by the Financial Times) 9 times in the past 12 years, I have twice been selected by the graduating class as the program’s outstanding faculty member. Three of my children (Derrald, Han, and Lorien) are also accounting professors. I have been writing accounting textbooks since 1990. I am co-author of Intermediate Accounting, 19th edition; Accounting: Concepts and Applications, 11th edition; and Financial Accounting: Reporting and Analysis, 7th Edition. I am now the co-creator (with my brother Jim and with our colleague Steve Albrecht) of online textbooks for Financial and Managerial Accounting courses at MyEducator.com. My brother Jim and I create online learning tools in Accounting and Finance. We have over 30 courses in the LinkedIn Learning library.
    LinkedIn Learning is an American online learning provider. It provides video courses taught by industry experts in software, creative, and business skills. It is a subsidiary of LinkedIn. All the courses on LinkedIn fall into four categories: Business, Creative, Technology and Certifications. It was founded in 1995 by Lynda Weinman as Lynda.com before being acquired by LinkedIn in 2015. Microsoft acquired LinkedIn in December 2016.
    • language english
    • Training sessions 25
    • duration 1:36:49
    • Release Date 2023/01/22