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When might you be able to use present and future value computations in your own personal...

When might you be able to use present and future value computations in your own personal life? When might future value or present value come in handy?
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We are able to use present value and future value while making investments in our personal life. We compare the present value of funds to be received from investment to the value of funds today.

We also use present value and future value concepts while taking and repaying a loan.

It is also used in deciding the discount percentage for making prompt payment instead of making payment on a future date. Discount rate is calculated by comparing the present worth of funds to be received later to the value of money today.

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