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.From an investment standpoint,Joe will go back full-time if
A) 10,000 ×
= 40,000 ×
B) 10,000/r > 10,000 ×
C) 10,000 ×
> 40,000 ×
D) 10,000 ×
> 40,000 ×
Correct Answer:
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