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?

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.3: Modeling With Linear Equations
Problem 40E: Finance A family has a monthly mortgage payment of $760, which is 16 of their monthly income. What...
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  • 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?

 

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