Question
In this problem: Won a scholarship that is payable only after graduation or a year at an interest rate of 15%, how much is the
In this problem: Won a scholarship that is payable only after graduation or a year at an interest rate of 15%, how much is the scholarship worth. Is it safe to assume it is 15% per year? When calculating, the PV, should I do:
1500 / (1,15)12? or 1500 / (1,15)1??
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Microeconomics
Authors: Dean S. Karlan, Jonathan J. Morduch
2nd edition
1259813337, 1259813339, 978-1259813337
