(12)You are attending college and are spending money on tuition and fees, travel, books, room, and board, etc., to do so as well as forgoing income that you could have earned except for being in college.

(a) Is the rate of return on a financial investment in a college education a "good" investment?How do you determine this?

(b) Since you are expending the costs now, but the returns will not come until the future, the future values must be discounted.What rate of discount should you use to do so?