Question
Bad Bob, the politician, expects to be arrested for fraud in 5 months. He expects to have $38,922 per month in legal fees for 17
Bad Bob, the politician, expects to be arrested for fraud in 5 months. He expects to have $38,922 per month in legal fees for 17 months, starting 5 months from now. If Bob's investment earn 3.43% APR (compounded monthly), how much does Bob need to invest today to just fund his legal fees?
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The Oxford Handbook Of The Sociology Of Finance
Authors: Karin Knorr Cetina, Alex Preda
1st Edition
0198708777, 978-0198708773
