Unit 4 Discussion Time Value of Money, Practical Applications in Business and Pe
ID: 2619511 • Letter: U
Question
Unit 4 Discussion
Time Value of Money, Practical Applications in Business and Personal Decisions
If you have put money in a savings account, made monthly auto or mortgage payments, or paid down your student loan ahead of time you have inherently applied TVM.
Discuss how you may have used TVM in a recent investment or loan decision and explain some of the TVM details that may have been involved in your transaction.
If you have not used TVM in the past financial transactions explain potential TVM applications you would encounter in future business or personal transactions.
Explanation / Answer
TVM applications are required when one has to compare the investment attractiveness, take loan when to pay the loan whether discount points should be taken, to plan for retirement how much funds would be needed how much to be saved etc.
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