Question
Consider a 18-year-old high school graduate. If he goes to work, he can earn $30,000 per year. The annual interest rate is 10%. What is
Consider a 18-year-old high school graduate. If he goes to work, he can earn $30,000 per year. The annual interest rate is 10%. What is his net present value of going to work?
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Managerial Economics and Strategy
Authors: Jeffrey M. Perloff, James A. Brander
2nd edition
134167879, 134167872, 9780134168319 , 978-0134167879
