Suppore you$15,000 as feu cach year. The college lasts for 2 years. After 2 years, you get a jol that giver youS60,000. Il you do not ga to college, then you carn $30,000 for 3 years, $45,000 for neet 3S60,000 (on evey yas after that. Amume interest rate is 10 percent. Will you go to colge?have two option: go to collegeor start working. l you go to college, you have to payyears and

It is the method by which we can calculate the purchasing power of money after some year after the…

have to pay have two option: go to college or start working you go to college, Suppore $15,000 as fee cach year. The college lasts for 2 years. After 2 years, you get a jol that giver you $60,000. 14 you you you to collye, then $60,000 for wery yas after that. Aume interest rate is 10 percent. Will do not earn $30,000 for 3 years, $45,000 for neet 3 years and you ta colleye? you go

have to pay have two option: go to college or start working you go to college, Suppore $15,000 as fee cach year. The college lasts for 2 years. After 2 years, you get a jol that giver you $60,000. 14 you you you to collye, then $60,000 for wery yas after that. Aume interest rate is 10 percent. Will do not earn $30,000 for 3 years, $45,000 for neet 3 years and you ta colleye? you go

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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