A high school student counselor for college education advises a senior that if she attends a private college to which she has been accepted, her annual cost after scholarship will be $12000 for each of four years. After graduating, she can expect to earn for the next twenty years $8000 year more a year than she would have if she did not go to college. a. What is the internal rate of return on this investment?
A high school student counselor for college education advises a senior that if she attends a private college to which she has been accepted, her annual cost after scholarship will be $12000 for each of four years. After graduating, she can expect to earn for the next twenty years $8000 year more a year than she would have if she did not go to college. a. What is the internal rate of return on this investment?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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4. A high school student counselor for college education advises a senior that if she attends a private college to which she has been accepted, her annual cost after scholarship will be $12000 for each of four years. After graduating, she can expect to earn for the next twenty years $8000 year more a year than she would have if she did not go to college.
a. What is the
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