We’ve all heard the expression, “Time is money,” and time value of money calculations certainly depict this sentiment.
Respond to the following in a minimum of 175 words:
- Share an example of a situation when you used TVM calculations to support a financial decision either in your professional or personal life. (If necessary, share a hypothetical example of when you might use TVM calculations.)
- Discuss which TVM calculations you used to support your financial decision and the benefits this provided.
- In the example you shared, how was cash flow impacted by your decisions?