Question
A college graduate earns about $1,500 per month more than someone that only has a high school diploma. If a working life starts next month
A college graduate earns about $1,500 per month more than someone that only has a high school diploma. If a working life starts next month and lasts 45 years, how much is a college degree worth today if market interest rates are 4.94% APR, compounded monthly?
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Essential Mathematics For Economic Analysis
Authors: Knut Sydsaeter, Peter Hammond, Arne Strom
4th Edition
0273760688, 9780273760689
