A Study of Time Value of Money Educational Interventions
DOI:
https://doi.org/10.61190/fsr.v33i4.4086Keywords:
Time Value of MoneyAbstract
Time Value of Money (TVM) concepts are foundational to learning in personal financial planning and finance courses. This study applied Connectivism Learning Theory (CLT) to create educational interventions meant to increase student understanding of TVM using Excel and a financial calculator as learning tools. Results show students exposed to the learning intervention using a financial calculator performed better than those exposed to Excel alone or a combination of Excel and a financial calculator. These findings point to the structural entrenchment of the financial calculator in the teaching of TVM, and the challenges an instructor might face when introducing other methods to supplant it.
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