5.2 At current interest rates, it pays for Bob to go to college if he graduates in...

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5.2 At current interest rates, it pays for Bob to go to college if he graduates in four years. If it takes an extra year to graduate from college, does going to college still pay? Show how the figure in the Challenge Solution changes. Illustrate how the present value calculation changes using a formula and variables. A

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Microeconomics

ISBN: 9780133456912

7th Edition

Authors: Jeffrey M. Perloff

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