Consider worker who is offered a salary bonus of $2,000 for each of the next two years if he or she erolls in a job training prgram this year. The total cost to the worker, including any forgone earnings, is $3,500. a. What is the internal rate of return on this investment? b. Would this be a good investment for someone with a discount rate of 6%
Consider worker who is offered a salary bonus of $2,000 for each of the next two years if he or she erolls in a job training prgram this year. The total cost to the worker, including any forgone earnings, is $3,500. a. What is the internal rate of return on this investment? b. Would this be a good investment for someone with a discount rate of 6%
Chapter17: Capital And Time
Section: Chapter Questions
Problem 17.3P
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Consider worker who is offered a salary bonus of $2,000 for each of the next two years if he or she erolls in a job training prgram this year. The total cost to the worker, including any forgone earnings, is $3,500.
a. What is the internal rate of
b. Would this be a good investment for someone with a discount rate of 6%
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