Students frequently experience difficulty in identifying the appropriate time value of money (TVM) technique to apply to a TVM problem. This paper offers a modification of a recently published TVM technique developed by Jalbert (2002) in order to help students understand and solve TVM problems. The modified technique developed here simplifies the previously developed technique by reducing the number of questions that students must examine to arrive at the appropriate TVM technique for a problem. In addition, the technique developed here eliminates the need for students to learn annuity techniques altogether. As such, the technique developed here specifically intends to meet the needs of students who experience difficulty in understanding annuities. Modified visual aids are provided to assist students in selecting correct techniques. By using these techniques, students will find it much easier to identify appropriate TVM techniques.
