In this discussion, we'll explore the principles and practical applications of the time value of money (TVM) in financial decision-making. Think critically about how TVM concepts influence choices and consider how they can be applied across different financial contexts. Use course materials, real-world examples, and your own insights to inform your responses, and be sure to interact with at least two peers by offering constructive feedback, sharing alternative strategies, or expanding on their ideas. This exchange will help deepen your understanding of working capital management and its critical role in financial planning. Why is the time value of money a critical concept in financial decision-making, especially in areas such as investment appraisal, loans, and retirement planning? Consider the importance of TVM in balancing present and future values when making key financial decisions. How does this concept guide individuals and businesses in their long-term financial planning? How do present value (PV) and future value (FV) calculations help in comparing financial options? What role does interest rate play in time value of money calculations, and how can fluctuations in interest rates impact financial planning? How can the concept of compounding and discounting be applied to solve real-world financial problems, such as saving