Question
In: Finance
A student is trying to value an internship opportunity for the upcoming summer. The internship will...
A student is trying to value an internship opportunity for the upcoming summer. The internship will last three months and pay her $2,147.00 at the end of each month. She will also get a “signing” bonus at the beginning of the internship for $585.00. If the student values this opportunity with a 3.72% APR with monthly compounding, find the value to her today.
Solutions
Expert Solution
monthly rate of interest = 3.72%/12 = 0.31%
| rate | 0.3100% | ||
| Cash flows | Year | Discounted CF= cash flows/(1+rate)^year | Cumulative cash flow |
| 585.00 | 0 | 585.00 | 585.00 |
| 2,147.00 | 1 | 2,140.36 | 2,725.36 |
| 2,147.00 | 2 | 2,133.75 | 4,859.12 |
| 2,147.00 | 3 | 2,127.16 | 6,986.27 |
Value of this opportunity = 6,986.27
jeff jeffy answered 2 years agoRelated Solutions
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