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2] (10 Points] ) Debbie is trying to decide to go to college or not. If she goes to college, she will spend $15,000 per
2] (10 Points] ) Debbie is trying to decide to go to college or not. If she goes to college, she will spend $15,000 per year on her education for 4 years. Then as a college graduate, she will earn $60,000 per year for the next 35 years. If she doesn't go to college, she will earn $40,000 per year for 39 years. The interest rate is 4% per year. a. (5 points] Should Debbie go to college? b. (5 points] What is the tuition fee such that she is indifferent between going to college and not going to college
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