A4 Please Note: I only need help with Part D. Everything else is correct. Please help!! Problem 07-05 (algo)Joanne has Just completed high school and Is trying to determine whether to go to communtly college for two years or go directly towork. Her objective Is to maximize the savings she will have In the bank five years from now.If she goes directly to work, she wll earn $18,500 per year for each of the next five years. If she goes to community college, for each ofthe next two years she will earn nothing–Indeed, she wll have to borrow $6,000 each year to cover tultion and books. This loan mustbe repald in full three years after graduation. If she graduates from community college, In each of the subsequent three years, herwages will be $35,000 per year. Joanne's total Iving expenses and taxes, excluding tultion and books, equal $15,000 per year.Instructions: Enter your responses as whole numbers.a. Suppose, for simplicity, that Joanne can borrow and lend at O percent Interest. On purely economic grounds, should she go tocommunity college or work?After 5 years, the total value of Joanne's savings would be $ 17500] if she goes directly to work and $ 18000 if she goes to Juniorcollege. So, Joanne should go to junior collegeb. Does your answer to part a change If Joanne can earn $21,500 per year with only a high school degree?|. sınce the total value of Joanne's savings would be S32500 if she goesJoanne should go to workdirectly to work and $ 18000 if she goes to community college.Yesc. What If Joanne's tultion and books cost $8,000 per year?, since the total value of Joanne's savings would be $Joanne should go to work14000 if she goes to community college.17500 If she goes directly to work andd. Suppose that the Interest rate at whlich Joanne can borrow and lend is 10 percent per year, but she can earn $18,500 with a highschool degree. Her tultion and books at college cost $6,00o0 and her Iiving expenses are $15,000 per year. Savings are deposited atthe end of the year they are earned and receive (compound) Interest at the end of each subsequent year. Similarly, the loans are takenout at the end of the year in which they are needed, and Interest does not accrue until the end of the subsequent year. Now that theInterest rate has risen, should Joanne go to college or go to work?since the total value of Joanne's savings would be $|Joanne should go to work]If she goes to community college.]if she goes directly to work and $

Given: Per year earning after college = 35000 per year Directly goes to work after school then wage…

d. Suppose that the Interest rate at whlich Joanne can borrow and lend is 10 percent per year, but she can earn $18,500 with a high school degree. Her tultion and books at college cost $6,000 and her living expenses are $15,000 per year. Savings are deposited at the end of the year they are earned and recelve (compound) Interest at the end of each subsequent year. Sımilarly, the loans are taken out at the end of the year In which they are needed, and Interest does not accrue until the end of the subsequent year. Now that the Interest rate has risen, should Joanne go to college or go to work? Joanne should go to work if she goes to community college. since the total value of Joanne's savings would be $| ]if she goes directly to work and $