FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
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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