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October 13, 2022

Time Value of Money

Time Value of Money

Provide at least one real-life scenario in which you can apply the concept of time value of money! In your example, provide all the information needed for a classmate to solve it. Do not solve it yourself. Instead, try to solve a classmate’s posted example!

To get you started, here is a sample post:

Joe BagODonuts wants to buy a $110,000 Porsche when he retires in 5 years. He already has $75,000 saved up, and it is invested and earning 12% per year. Will he have enough money to buy the Porsche when he retires?

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