Use the following information to do a CBA of going to college and earning your BS degree instead of working with your HS diploma. Assume that you are unable to work during the time you are in college HS income: $36,000 BS income: $63,000 College out of pocket costs: $13,000 College n 4 years Career n 35 years Use r=3% and annual compounding
Use the following information to do a CBA of going to college and earning your BS degree instead of working with your HS diploma. Assume that you are unable to work during the time you are in college HS income: $36,000 BS income: $63,000 College out of pocket costs: $13,000 College n 4 years Career n 35 years Use r=3% and annual compounding
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Use the following information to do a CBA of going to college and earning your BS degree instead of working with your HS diploma. Assume that you are unable to work during the time you are in college
HS income: $36,000
BS income: $63,000
College out of pocket costs: $13,000
College n 4 years
Career n 35 years
Use r=3% and annual compounding
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