2) A young High School graduate just turned 18 is contemplating future career alternatives based on the the possible salaries to be earned. Which of the You have been approached by the graduate for advice and you are going to charge consulting fee. However, you are at a loss which method you should use to select the career path for high school graduate. a) State very clearly which method you should use and why? b) Which alternative you will advise with the possible total earning? The alternatives are the following. i) Go directly to work and continue until age 65, earning annual salary of $25,000 per year increasing by 5% per year till age 30 and after that $5000/year. ii) Invest 2 years and $6,000/year in junior college education Work the remaining years until age 65. Starting annual salary of $45,000 per year and increasing by 6% per year. iii) Invest 4 years at Manhattan collage paying $40,000 per year for 4 years After graduating he will get a job but with a salary of $80,000 per year increasing by 8 percent. iv) Spend 2 years in seamless graduate program, paying $40,000 per year and earn $85,000 per year increasing 10$ per year. (35)

2) A young High School graduate just turned 18 is contemplating future career alternatives based on the the possible salaries to be earned. Which of the You have been approached by the graduate for advice and you are going to charge consulting fee. However, you are at a loss which method you should use to select the career path for high school graduate. a) State very clearly which method you should use and why? b) Which alternative you will advise with the possible total earning? The alternatives are the following. i) Go directly to work and continue until age 65 , earning annual salary of $25,000 per year increasing by 5% per year till age 30 and after that $5000/ year. ii) Invest 2 years and $6,000/ year in junior college education Work the remaining years until age 65. Starting annual salary of $45,000 per year and increasing by 6% per year. iii) Invest 4 years at Manhattan collage paying $40,000 per year for 4 years After graduating he will get a job but with a salary of $80,000 per year increasing by 8 percent. iv) Spend 2 years in seamless graduate program, paying $40,000 per year and earn $85,000 per year increasing 10$ per year. (35)