Question
The interest rate is 10% but the government offers you a subsidized perpetual loan for $1M at 5%. In other words, you get the $1M
The interest rate is 10% but the government offers you a subsidized perpetual loan for $1M at 5%. In other words, you get the $1M today and, in return, you pay the government $60,000 a year forever (you are immortal). How much is this subsidy worth?
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Health Care Finance Economics And Policy For Nurses
Authors: Betty Rambur
2nd Edition
0826152538, 978-0826152534
