At age 40,Joe is considering quitting his job and going back for a college degree.He needs two more years full-time.Tuition is $10,000 per year.He earns $30,000 per year.A college degree would raise his annual income by $10,000 per year.He will retire at age 70.Which of the following makes it less likely that Joe will decide to go back to college full-time?
A) The extra income due to a college degree rises.
B) The rate of interest decreases.
C) The government enacts mandatory retirement at age 60.
D) Tuition decreases.

Question

Quizplus · Accepted Answer

If the government enacts mandatory retirement at age 60, it would give Joe only 20 years to work with his new college degree instead of 30, making the investment less attractive.

At Age 40,Joe Is Considering Quitting His Job and Going