Problem
The present value of working in Puerto Rico is PVPR = (1 + r)WPR/r, and the present value of working in the U.S. is PVUS = (1 + r)WUS/r. Suppose WUS = $46,000, WPR = $21,000, and r = 0.05. For a Puerto Rican who is indifferent between working in the U.S. and working in Puerto Rico, what are the migration costs from moving to Puerto Rico to the U.S.?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.