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Topic: Business
Number of pages / Number of words: 3 / 750
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If the person only intends to deposit money one time, the answer lies in the present value formula. If the person would prefer to make regular deposits, the answer lies in the present value of an annuity formula.

Most businesses use the concept of time value of money in one form or another, as this paper observed...


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Additionally, most people use the concept of time value of money as well, in various forms. Any business or person who has a loan with a fixed monthly payment, like a mortgage or car payment, uses time value of money, for example. Many organizations and their employees deal with benefits, such as mutual funds, retirement plans, education savings plans, equities, municipal bonds, and insurances, that all involve the time value of money...


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