Personal Financial Planning Monthly - Editorial Direction LLC

PERSONAL FINANCIAL PLANNING MONTHLY
change over time in response to changes in
portfolio allocations;
6. Ability to solve moderately complex problems
in a relatively short time period, using only a
handheld calculator;
7. Improved ability to evaluate usefulness of financial
calculators included on various websites;
8. More efficient analysis of planning problems
in impromptu client advising sessions.
Financial planners with knowledge of the mathematics
of PV calculations are better prepared to serve
the needs of clients. While at first glance the mathematical
notation and calculations may appear complicated,
they are based on basic high school algebra
and can be learned in a short period of time. ■
G. Eddy Birrer, Ph.D., CPA, is a professor of
accounting at Gonzaga University. Kent Hickman,
Ph.D., is a professor of finance at Gonzaga University.
8 November 2002