Calculate net present value of becoming heart surgeon

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Reference no: EM133637414

Question

Suppose individuals discount the future at rate δ = 0.5. Consider the following table: Table 1: Comparing Salary for Heart Surgeons and Chefs Salary Occupation Period 0 Period 1 Period 2 Heart Surgeon -5 5 10 Chef 1 1 2 (a) Calculate the Net Present Value (NPV) of becoming a Heart Surgeon.

Reference no: EM133637414

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