Taking a course in computer repair will increase an individual's yearly income by $10,000 per year,starting the year after the course is completed.After three years,the skills learned will be obsolete.What is the present value of taking the course if the interest rate is 8 percent (0.08) per year?
A) $1,248.29
B) $10,356.65
C) $25,770.97
D) $30,000.00
E) none of the above
Correct Answer:
Verified
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