Summary: A wealthy philanthropist gives an employee a monetary gift to check his financial skills...
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Finance
Summary: A wealthy philanthropist gives an employee a monetary gift to check his financial skills and asks:
Questions:
1. To explain if it is better to have $1,000 today or $5,000 in 6 months? (financial calculations or formulas would be great).
2. To demonstrate to the investor why he should be the one to handle their money? Explain the reason behind the strategy.
3. To provide a counterpoint to his decision by supporting with at least two points.
Please explain it briefly with examples.
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