MONEY and BANKING STORIES LOW GRAPHICS 

 

 

 

 

STORIES ABOUT PRESENT VALUE

Knowing Formula

 

Importance of  Knowing Formula

During this summer I went to interview for a job at Lazard, which is an Investment bank in New York City. So I prepared for the interview by learning about their core business which ranged from mergers, acquisitions divestitures to financial and strategic advice. So I went to the city dressed and prepared for every piece of knowledge that I could possibly need. I went in and talked to the first person, things went well. Then I talked to the next person. The guy asked what my major in college is and I told him economics. Then he asked if I knew the equation for present value. I was rather caught off guard and couldnít remember. He proceeded to say that it was a very basic and important part of economics. Needless to say I didnít end up getting the job.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OK Economics was designed and it is maintained by Oldrich Kyn.
To send me a message, please use one of the following addresses:

okyn@bu.edu --- okyn@verizon.net

This website contains the following sections:

General  Economics:

http://econc10.bu.edu/GENEC/Default.htm

Economic Systems:  

http://econc10.bu.edu/economic_systems/economics_system_frame.htm

Money and Banking:

http://econc10.bu.edu/Ec341_money/ec341_frame.htm

Past students:

http://econc10.bu.edu/okyn/OKpers/okyn_pub_frame.htm

Czech Republic

http://econc10.bu.edu/Czech_rep/czech_rep.htm

Kyn’s Publications

http://econc10.bu.edu/okyn/OKpers/okyn_pub_frame.htm

 American education

http://econc10.bu.edu/DECAMEDU/Decline/decline.htm

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