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1.Assume the following income stream resulting for human capital investment. Age X 18 1000 19 1000 20 1000 21 1000 22 1000 23 1000 24

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1.Assume the following income stream resulting for human capital investment. Age X 18 1000 19 1000 20 1000 21 1000 22 1000 23 1000 24 1000 25 1000 A. Calculate the present value for a 17 , 20, 22, 24, and 25 year old. B. Suppose this person drops out of the labor force for ages 20, 21, 22, and 23. Compute the present value at ages: (1) 17 (6) 22 (2) 18 (7) 23 (3) 19 (8) 24 (4) 20 (9) 25 (5) 21

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