for four years. (You pay the tuition in one sum at the beginning of each year.)
Your wage upon graduation (four years from now) is $60; 000 and it increases
6% every year. If you do not pursue the degree, then you immediately start
working. Your starting salary is $40; 000, which increases by 5% every year.
Assume that the discount rate is 10% and you live for another 44 years without
a) Is it worth pursuing such a degree?
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