In my line of work, I have to use TVM calculations daily to ensure that the appropriate number of wages are paid out to my associates. I try to be fair to all of my associates by matching wages with the cost of society and the prices of products or resources we need to survive. I have the TVM formula added into my excel payroll spreadsheets to help me keep track of my finances, so that when my financial sheets are printed at the end of the year for audits, everything matches. I also use TVM in my personal life for decisions making on large purchase. I use the actual TVM formula when doing my calculations in my personal and business life. I use this to help balance out my needs and wants. Cash flow will always be impacted due to the fluctuations of the business. Sometimes I have to make major increases and decreases when I'm using the TVM method due to the amount of revenue coming in or the expenses being paid out. I also use TVM to make decisions about my retirement savings plans. Using the TVM method also helps me to do well with saving