“Time is money,”

  We’ve 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?