The initial thoughts that come to mind when I think of the concept of TVM is instances when I have had to take out loans. Not necessarily that I did not know of the interest and how that affects my payments, but rather if the interest rates that I pay are a good decision. There have been times where I have considered the if paying more on principal payments would out way paying minimal payments in the long run. I have never personally loaned money to others so that would not apply to me in this case