Write a 500-word response to the following discussion question:
Time value of money is an important concept. It can be utilized within a work environment or in a personal environment, as well. Provide two or three examples of where you may utilize the time value of money calculation, either within your current job position or your personal life.
What calculations would you use?
Why would the time value of money analysis be important in this situation?
Provide an example of the calculation.
What would be a favorable or an unfavorable result? How would you react to either one?