8. Critical analysis Q14 Suppose that you are considering whether to enroll in a summer computer-training program that costs $2,400. If you take the program, you will have to give up $1,200 of earnings from your summer job. You figure that the program will increase your earnings by $600 per year for each of the next 10 years. Beyond that, it is not expected to affect your earnings. Suppose the interest rate is 12%. Use the preceding information to calculate the present value of the wage increase resulting from the training program. Then decide whether the investment is worthwhile, given the present value of the cost of the training program. which is than the present value of the total cost At this interest rate, the present value of the increase in wages is about of the training. Thus, from a strictly monetary viewpoint, you participate in the training program