Chester a twenty year old is considering whether to attend college or to trades . The college education requires four years of study during which time income is-$20,000, but there after earns a salary of$100,000 per year .the trade job starts early immediately and pays $75,000per year .in either case Chester plans to work until age 60. If r=0.06 which option has the Highest present value explain

Chester a twenty year old is considering whether to attend college or to trades . The college education requires four years of study during which time income is-$20,000, but there after earns a salary of$100,000 per year .the trade job starts early immediately and pays $75,000per year .in either case Chester plans to work until age 60. If r=0.06 which option has the Highest present value explain

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter27: Time Value Of Money (compound)

Section: Chapter Questions

Problem 6E

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