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Peer Review

The time value of money

Reviewed:
Nov 22, 2022 by Business
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Ratings

Overall Rating: 5.0 stars
Content Quality: 5.0 stars
Effectiveness: 5.0 stars
Ease of Use: 5.0 stars
Overview:

We’ve all heard the phrase “Time is money.” But what do these two things actually have to do with one another? German Nande explains the math behind interest rates, revealing the equation that will allow you to calculate the future value of your money (if you wisely put it in the bank, that is). This is a TED-Ed presentation that includes a video, a quiz, and links to other resources such as guided discussions.

Type of Material:

Presentation

Recommended Uses:
  • Supplement and/or reinforcement to in-class lecture, or homework.
Technical Requirements:

Chrome, Firefox

Identify Major Learning Goals:
  • Ability to calculate the future value of money being deposited in an interest bearing account.
  • Learn the math that explains the relationship between the interest rate, the investment period, and the future value of money received today.
Target Student Population:
  • Entry-level microeconomics classes
  • Entry-level business classes
Prerequisite Knowledge or Skills:
  • Basic Algebra math level in order to complete the calculation of the future value of money.

Content Quality

Rating:
Strengths:
  • The content is valid, and
  • Appropriate to understand the calculation of the future value of money.
  • Very good instructional material over a challenging concept.
Concerns:

Dated animation images (e.g., character attire, car).

Potential Effectiveness as a Teaching Tool

Rating:
Strengths:
  • The content is very effective in increasing the potential for student learning and understanding the concept of the future value of money.
  • Has effective quiz at the end of the video presentation.
Concerns:

None.

Ease of Use for Both Students and Faculty

Rating:
Strengths:
  • Simple animation
  • Easy-to-use radio buttons to choose multiple choice answers to quiz questions.
  • Easy to navigate
Concerns:

None.

Other Issues and Comments:

Describes time value of money in a concise, efficient way, using easy math calculations.

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