Jennifer has just finished high school and is deciding whether to start working or go to college.She has already been offered a job that pays $35,000 a year.Four years of college will cost $12,000 each year.She would earn an extra $20,000 each year after she graduates for the 45 years she plans on working until she retires.Assume that the interest rate is 8.5%.What is the net present value of the decision to invest in college?

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The Answer of Jennifer has just finished high school and is deciding whether to start working or go to college.She has already been offered a job that pays $35,000 a year.Four years of college will cost $12,000 each year.She would earn an extra $20,000 each year after she graduates for the 45 years she plans on working until she retires.Assume that the interest rate is 8.5%.What is the net present value of the decision to invest in college?

Jennifer Has Just Finished High School and Is Deciding Whether