Answered step by step
Verified Expert Solution
Question
1 Approved Answer
We have BS-MS Accelerated Program at UMass Dartmouth where you can obtain a graduate degree in one year, instead of 2yrs valid for traditional
We have BS-MS Accelerated Program at UMass Dartmouth where you can obtain a graduate degree in one year, instead of 2yrs valid for traditional programs. A student wants to decide whether to go to a graduate school or not. Going to graduate school will cost in average $30,000 per year taking about 1 years. Studying also means that the student will not receive any income for the next year, an opportunity lost costing $60,000 per year. However, a graduate degree worth an extra $23,000 per year in income. Consider student will work for 30-years after graduating. Create the cash flow diagram for this student assuming the student decided to continue to graduate prigram. If MARR is 8%. Find Present Worth, Future Worth for this decision. Find external rate of retum for this decision. PW method with 8% FW method with 8% ERR
Step by Step Solution
★★★★★
3.40 Rating (162 Votes )
There are 3 Steps involved in it
Step: 1
60000 23000 fi F2 30000 a As the Caph flows diagzam depicted abore reps...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started