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A person is considering taking a one-year training course for which he will pay $10,000. They currently earn $20,000 a year. If they take the
A person is considering taking a one-year training course for which he will pay $10,000. They currently earn $20,000 a year. If they take the course, their earnings will increase by 12,000 in each of the three years after completing the course. The person can borrow at 10%. What is the net present value of the training course and the associated revenue stream? Should the person take the course?
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Financial Management for Public Health and Not for Profit Organizations
Authors: Steven A. Finkler, Thad Calabrese
4th edition
133060411, 132805669, 9780133060416, 978-0132805667
