For this assignment, create and submit the following two items:

• Three S.M.A.R.T. financial goals, (one each) for short, intermediate, and long-term goal financial goals. Make sure that your goals meet the S.M.A.R.T. guidelines.
• Using your intermediate or long-term goal and the time value of money (TVM) equation, calculate how your money will grow based on two different time horizons or interest rates.

Respond to the following questions after completing the two items above:

1. How does the length of time affect the growth of the account?
2. What steps do you need to take to determine how much to set aside today for a goal in the future to meet your own personal financial goals?
3. How does inflation affect the growth of money over time?