The present value of an education can be computed by _____
A) summing the total expense of education and dividing it by the number of years spent in education.
B) discounting earnings based on the level of education and then summing total earnings over work life.
C) discounting the cost of education at the prevailing market rate of interest.
D) summing the total earnings of an individual and dividing it by the number of years spent in education.
E) dividing the total expense on education by the total earnings from a typical work life.
Correct Answer:
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