Question: (EXPLAIN WITH WORDS NOT JUST CALCULATION) Imagine you just won the lottery and you now have $50 million. You have a friend who has worked
(EXPLAIN WITH WORDS NOT JUST CALCULATION)
Imagine you just won the lottery and you now have $50 million. You have a friend who has worked in a certain business since he was 16 and now has an opportunity to purchase that business. He has asked you for $200,000 to help finance the purchase. He believes that he'll be able to return your cash, plus $100,000, in five years. How do you approach this opportunity?
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