Question
Analysis and reflection activity We have been awarded a grant of 1,000 per month for 5 years. The bank offers us three possibilities. Reference interest
Analysis and reflection activity We have been awarded a grant of 1,000 per month for 5 years. The bank offers us three possibilities. Reference interest rate 0.6%/month.
Receive 1,000 per month for 5 years.
Receive 50,000 right now.
Receive 72,000 at the end of year 5.
What would you do?
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Quantitative Credit Portfolio Management
Authors: Arik Ben Do, Lev Dynkin, Jay Hyman, Bruce D. Phelps
1st Edition
1118117697, 978-1118117699
