Weve all heard the expression, Time is money, and time value of money calculations certainly depict this sentiment.

Respond to the following in a minimum of 175 words:

• Share an example of a situation when you used TVM calculations to support a financial decision either in your professional or personal life. (If necessary, share a hypothetical example of when you might use TVM calculations.)
• Discuss which TVM calculations you used to support your financial decision and the benefits this provided.
• In the example you shared, how was cash flow impacted by your decisions?