# Devry BUSN278 2022 September Week 5 Discussion Latest

Question # 00833160 Posted By: solutionshare7 Updated on: 10/21/2022 12:15 AM Due on: 10/21/2022
Question

BUSN278 Budgeting and Forecasting

Week 5 Discussion

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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