About the Author

Dr. Cornelius Cash
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Cornelius Cash is former Associate Dean and Adjunct Business Faculty at American InterContinental University (AIU), Atlanta Campus. He has won many awards including the Distinguished Faculty in Student Success and Faculty of the Year Awards. Dr. Cash has taught at many schools including: University of Phoenix, Colorado Tech. University, Hallmark University, and The Chicago School for Professional Psychology. He has earned a Doctor of Business Administration (DBA) degree from California Southern University (2013), a Post-Master’s Certificate in General Business from Northcentral University (2012), and a Master’s in Business Administration from Loyola University, Chicago (1999). In addition, he holds an MS in Health Care Management (2004) and MS in Technology Management (2002) from Mercer University, Atlanta, GA. Over the past 14 years he has taught undergraduate and graduate level Finance courses including: Financial Management, Capital Budgeting, Financial Accounting, Personal Finance, Corporate Finance, and Maximizing Shareholders Wealth. He has also taught Health Care Finance, Sports Finance and Health Care Economics courses. 

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Chapter 2 Time Value of Money (Excerpt)

Qualitative thinkers and novice finance students have a basic level of LMI which can easily be applied when calculating time value of money (TVM). This skill is refined by using a technique the author calls the “Line Method.”  The author invented and has utilized the line method for many years when teaching quantitative based courses to students who have an aversion to math. The line method is an effective tool used to keep variables and numbers connected by taking an easy to understand, systematic approach to solving financial problems without requiring cognitive dissection of complex financial formulas. The line method follows a four step process when solving financial problems. The steps are listed as follow:

Step 1: Identify the financial formula you will use (e.g. PV, FV, PVA, FVA, Bond Valuation Model, Stock Valuation Model, WACC, etc.).

Step 2: Connect the numbers to the correct representative variables by drawing a line outward from the variable and at the end of the line write the correlating number.

Step 3: Next, rewrite the formula as an equation using the numbers in place of the representative variables.

Step 4:   Once the equation is written, use the “Order of Operations” to solve.

           


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