Question
A wealthy philanthropist has heard about your financial skill and wants to give you a monetary gift to see how you would handle the money
A wealthy philanthropist has heard about your financial skill and wants to give you a monetary gift to see how you would handle the money before choosing whether to have you manage more of their portfolio. Would you rather have $1,000 today or $5,000 in 6 months? What would you do with the money to demonstrate to the investor why you should be the one to handle their money? Explain the reason behind your strategy.
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Introduction to Financial Accounting
Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick
11th edition
978-0133251111, 013325111X, 0133251039, 978-0133251036
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