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You quit your job as an analyst making $50,000. You then take your $500,000 in savings and open a Mighty Taco restaurant
Posted: Fri Jul 01, 2022 8:12 am
by answerhappygod
- You Quit Your Job As An Analyst Making 50 000 You Then Take Your 500 000 In Savings And Open A Mighty Taco Restaurant 1 (20.81 KiB) Viewed 38 times
You quit your job as an analyst making $50,000. You then take your $500,000 in savings and open a Mighty Taco restaurant. You work roughly the same hours as before and make $60,000 per year from the restaurant. Assume the interest rate on government treasury notes is 5%. Calculate the economic profit or loss from your move in year 1. (Include a negative sign if it's a loss) Enter as a value.