1. Please provide a specific example of how you would use time value of money concepts within a business of which you are familiar. Please identify if your example is of a one time cash flow or an annuity, and whether it is an example of a present or future value calculation. You must provide a numerical example and show all assumptions and calculations.

2. Please identify how you would use time value of money concepts in your own personal finances. Please provide a specific example and identify whether it is an example of a one time cash flow or an annuity, and whether it is a present or future value calculation.