If you have put money into the stock or bond market or into 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.
• Show the math you would use to make these decisions based on today’s economy.