Prompt: Answer and discuss the following questions regarding the concept of time value of money and how it applies to everyday financial decisions:
- Think of typical investment decision you may have faced such as purchasing home or investment. Describe how the time value of money impacted your decision process.
- Are there situations when TVM concepts should not apply?
- How are service-related investments affected?
Participation Requirements:Original discussion forum posts:
- Create a thread for your original post identified with your name.
- Prepare a quality, substantive post that addresses the objectives of the discussion forum and the expectations set forth in the grading rubric
- Include supportive evidence; such as direct applicable experience and expert sources.