Respond to you thoughts on this discussion in 150 words

It is important in today’s world to be able to understandpresent and future value in the monetary system when making anydecisions. Due to the need of understanding the calculations, Ihave chosen the green side for this discussion. One reason is thateven outside of a business environment, the use of understandingthe calculations of present and future value are necessary. Anexample that comes to mind is one of my coworkers and his financehave decided to buy a house. He has had to determine what thefuture value of his mortgage payments would be today to make thedecision on what would be the best option home for him and hisfinance. This requires him to have more of an understanding of thecalculations that the tools used to make these calculations.Another example that comes to mind for this side is equipment. Myfather, though he is employed by the military, also runs a farm. Hehas spent numerous occasions calculating the resent value ofpurchasing equipment and the payments that come with the purchase.One of the reasons that I have chosen the green side, is that hemay understand that he may be pay $650 in six months for a tractor,but what would that payment be considered today. This ultimatelymeans that though he has the tools required to perform thecalculations needed; without the knowledge of how the calculationswork within the monetary system, he would not understand thesignificance of the calculation itself. Technology is a great toolto use when working with equations such as the present valueformula; however, just like there is human error, technology alsocould have errors that can change the value of the calculation thatcould end up causing people to have slightly false information. Itwould benefit people to have an understanding of the formulas inthe monetary sense rather than just putting the information into acomputer system or calculator and using that answer withoutknowledge of why we use the calculation.