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Instructions:
Accounting Time Value of Money Exercise Essay
EXERCISE: TIME VALUE OF MONEY INSTRUCTIONS
OVERVIEW
explore the time value of money, the economic indicators, and you
will begin to address personal finance goals.
INSTRUCTIONS
Please complete the all 4 sections (Time Value of Money, the Economic Indicators, the Personal
Finance Goals, and a Conclusion) on the Exercise: Time Value of Money.
Part 1: Time Value of Money
Enter your answers to the below 3 questions and bonus on the Exercise: Time Value of Money
Template.
Please make sure that you include your inputs and round out 2 decimal points for all answers.
For example: I want to see how much my $5,000 will be worth in 5 years if I can earn 4%.
PV = 5,000 (Make sure it is negative if you are paying the bank)
I/Y = 4 (Use the full number on the calculator and .04 if using Excel)
N = 5 (Use annual unless the question asks for monthly)
CPT FV = ANSWER rounded 2 decimal points
1. I want to be able to buy a car with cash in 3 years. I have $10,000 that I can invest today.
I can get a bond earning 2%. How much will I have for the purchase?
2. I want to buy a house in 4 years. I need to have a down payment of $50,000. How much
do I need to have today in order to have the down payment, if I can earn 3%?
3. I just graduated from school with $25,000 worth of debt. I want to know what my
monthly payment is going to be. I was able to finance it over 7 years at 6%.
Hints
? When it is monthly, you need to change the setting to 12 payments per year on the
calculator and divide the interest by 12 if you are using Excel.
? If you are paying out for a payment or the present value (most of the time you will be
using PV), then you need to enter it as a negative number.
? Try to estimate what you think it will be before completing the mathematical equation. If
you are getting a car payment of $1,000, then you probably entered something wrong.
? Always clear out the calculator after each problem (2nd FV).
Part 2: Economic Indicators
It is important to know what is going on in the economy. Please look up the following websites
and answer the below questions on the Exercise: Time Value of Money Template.
BUSI 223
Page 2 of 2
1. From the Department of Labor, Bureau of Labor Statistics go to the Labor Force
Statistics from the Current Population Survey found in the Exercise: Time Value of
Money Recourses in the the Exercise: Time Value of Money Assignment. Scroll down
to “CPS News Release” and it will give you the Unemployment Rate (“User” in %
for last month) in the first sentence. Report the Unemployment Rate.
2. From the Department of Labor, Bureau of Labor Statistics go to the Customer Price
Index found in the Exercise: Time Value of Money Resources. Scroll down to the
“News Releases.” Report the change in CPIU (Consumer Price Index for All Urban
Consumers) for the most recent month (as a percentage). Make sure to use the seasonally
adjusted rate. It is in the first sentence.
3. From the Bureau of Economic Analysis found in the Exercise: Time Value of Money
Resources, click on the “view” on the “The Gross Domestic Product” (GDP). Report the
quarterly change in GDP (as a percentage).
Part 3: Personal Financial Goals
Complete the chart on the Exercise: Time Value of Money Template. The suggested websites
for this part are Wise Bread, The Financial Diet, and 20 Something Finance. The suggested
app is Buffer. These can all be found in the Exercise: Time Value of Money Resources.
Part 4: Conclusion
Write a conclusion about what you have learned between time value of money and
economic indicators and how that affects your goals
Accounting Time Value of Money Exercise Essay
RUBRIC 

Excellent Quality 95100%

Introduction
4541 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. 
Literature Support 9184 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. 
Methodology 5853 points Content is wellorganized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met. 

Average Score 5085% 
4038 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided. 
8376 points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration. 
5249 points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met. 

Poor Quality 045% 
371 points The background and/or significance are missing. No search history information is provided. 
751 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration. 
481 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met 

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Accounting Time Value of Money Exercise Essay 
Accounting Time Value of Money Exercise Essay