Question
A donor has offered to provide $1 million for your non-profit 40 years from today or you can have a one-time payment of $75,000 today.
A donor has offered to provide $1 million for your non-profit 40 years from today or you can have a one-time payment of $75,000 today. At what rate of interest would you be indifferent between accepting the company's offer and investing the premium on your own?
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Behavioral Finance And Capital Markets
Authors: A. Szyszka
5th Edition
1137338741, 9781137338747
