Agriculture: Time Value of Money

Title: Application of Time Value of Money Concepts
Discipline(s) or Field(s): Agriculture
Authors: Annie Kinwa-Muzinga, Tom Loguidice, and Mark Zidon, University of Wisconsin–Platteville
Submission Date: June 16, 2006

The goal of the lesson study is to develop students’ understanding of time value of money concepts.  Students should be able to

  1. to apply the concept appropriately in real life situations;
  2. to use explicit principles to evaluate alternative options;
  3. to integrate appropriate information as support for judgment.

During lecture, instructor presents different concepts of time value of money in an engaging manner (with example). After the lecture, students apply the concepts of time value of money in their decision to accept a rebate or a low APR (annual percentage rate) when buying a truck.  Overall, students were able to apply the different concept appropriately in their decision. 

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