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You're on the board of a nonprofit organization. A wealthy philanthropist hears about your financial skills. In order to determine whether they will want
You're on the board of a nonprofit organization. A wealthy philanthropist hears about your financial skills. In order to determine whether they will want you to manage future donations, they give you a monetary gift to see how you handle the money. In your initial post determine if you would rather have $1,000 today or $5,000 in 6 months. Address the following: What would you do with the money to demonstrate to the investor why you should be the one to handle their money? Explain the reason behind your strategy.
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To decide whether to take 1000 today or 5000 in 6 months lets use the concept of present value This ...Get Instant Access to Expert-Tailored Solutions
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