Jennifer decides that she will go into the tourist industry on
Lake Geneva, and buy a concession to hire out canoes on the lake.
She borrows CHF40,000 (CHF is swiss currency) from her parents and
puts CHF20,000 in herself. The arrangment with the Canton is that
she pays CHF50,000 at the start for the concession, which runs five
years, but must also pay an annual rental of CHF10,000 at the end
of the season in october. She negotiates a deal...