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Teaching Time Value of Money Using an Excel Retirement Model
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Arellano, Fernando; Mulig, Liz; Rhame, Susan – American Journal of Business Education, 2012
The time value of money (TVM) is required knowledge for all business students. It is traditionally taught in finance and accounting classes for use in various applications in the business curriculum. These concepts are also very useful in real life situations such as calculating the amount to save for retirement. This paper details a retirement…
Descriptors: Retirement, Preretirement Education, Money Management, Courseware