4. If the discounted value of getting a bachelors degree is $88.79, an individual can earn $50 without a degree, the degree takes 4 years to get the degree, and the individual has a discount rate of 10%, How much would the individual make if they get the degree? (Hint: use the discounted value formula from the lecture slides) 5. Why might it be the case that income and discount rates are negatively correlated? 4. If the discounted value of getting a bachelors degree is $88.79, an individual can earn $50 without a degree, the degree takes 4 years to get the degree, and the individual has a discount rate of 10%, How much would the individual make if they get the degree? (Hint: use the discounted value formula from the lecture slides) 5. Why might it be the case that income and discount rates are negatively correlated