A Study of Time Value of Money Educational Interventions

Authors

  • Jason Anderson University of Kansas
  • Blake Gray Kansas State University

DOI:

https://doi.org/10.61190/fsr.v33i4.4086

Keywords:

Time Value of Money

Abstract

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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Published

2025-12-15

How to Cite

Anderson, J., & Gray, B. (2025). A Study of Time Value of Money Educational Interventions. Financial Services Review, 33(4), 62–74. https://doi.org/10.61190/fsr.v33i4.4086

Issue

Vol. 33 No. 4 (2025): Financial Services Review

Section

The Pedagogy of Financial Planning Special Issue

License

Copyright (c) 2025 Jason Anderson, Blake Gray

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