The harsh truth of life is that value of money is not constant and it changes over time. The factors that impact value of money over a period of time, include interest rate, inflation etc. In depth learning of Compounding and discounting goes a long way in understanding Time Value of Money, in academic life getting exam questions right and in real life getting your debts (and savings) right! This short course is divided into five sections 1) Section one strongly enforces the understanding of the two TVM concepts of compounding and discounting through mathematical and calculation clarity of these two widely used but less understood concepts in the time value of money. These two concepts have potential of building strong foundations in quantitative finance 2) Section two explains in depth the concept of Future value and also shows the Computation of the Future Value of a single amount 3) Section three focuses on the concept of present value and also shows how to compute PV of a single sum of money using BA II PLUS 4) Section four focuses on the concepts of Annual Compounding vs. Semi-annual Compounding and also provides mathematical and calculation clarity of these two concepts 5) Section five gives in depth look into Quarterly Compounding. In addition to conceptual clarifications calculations are also demonstrated using BA II PLUS.