Online BOE Training Courses
Time Value of Money – Six Functions of a Dollar
The purpose of this training session is to explain the compound interest functions presented in Assessors' Handbook Section 505, Capitalization Formulas and Tables, the key concepts of the time value of money, and its relationship to appraising. This session consists of 10 modules. Each module provides a discussion of the function or concept contained in the module, and shows practice examples of the calculation or method.
Completion of this online learning session with a score of 70% or higher on the examination will qualify for 8 hours of training as required by Revenue and Taxation Code section 671 for certified appraisers who are employees of the state, any county, or city and county.
Prerequisites: None
This course can be used as a prerequisite for Course 7, Appraisal of Agricultural Property; Course 56, Advanced Sales Comparison and Income Capitalization Approaches; and Course 120, Investment Mathematics and Financial Calculators. This session is also suggested for appraisers who are about to take Course 3, Residential Appraisal Procedures.
Text: (available online at BOE Assessors' Handbook webpage)
Note: This training session cannot be used to attain an advanced appraisal certificate, but it can be used for the annual training requirements for an appraiser or auditor-appraiser holding a temporary, permanent, or advanced certificate. This session may not be repeated for training credit.