Question: V Question 1: TVM in Everyday Life (20) Objective: Identify real-life situations where TVM concepts apply. Instructions: e List 3 real-life scenarios (personal or observed)

Question 1: TVM in Everyday Life (20) Objective: Identify real-life situations where TVM concepts apply. Instructions: e List 3 real-life scenarios (personal or observed) where the time value of money is relevant. e For each scenario: o Describe the situation. o Explain which TVM concept it relates to (e.g., present value, future value, interest, inflation). o Discuss why time matters in that scenario. Answer: Question 2: Simple Future Value Calculation (10) Objective: Learn to calculate future value using the formula. FV = PV x (1 + r)4n Instructions: e You have $500 to invest at an interest rate of 6% per year. Calculate the Future Value (FV) after: o 1 Year o 3 years o 5 years

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