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alternatives are as folows Howner, you can then expect a pe with a starting salary of 570.000 per year Moceover. you expect your salary to

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alternatives are as folows Howner, you can then expect a pe with a starting salary of 570.000 per year Moceover. you expect your salary to grow by 7 percent per year untill you retie 35 yeart iater. Cleafy, your fotal nispeclod Ifetrme falary will be higher if you become a lawyer Howersr, the adstional future salary ia not tree. You will be psying $25,000 in tuition at the year $42.000 the secend year, and $44,100 the thed year a. To start your andysis el whether to go to lww schoel calculate the present value of the future eamings that you will tealize by gring directly to work assume a decounf rate of 3 perceet b. What is the prosent value today of your future earnings if you decida to atend law school assuming a discount rate of 3 percen? Remember that you with be in law school for 3 yoars before you start to work as a fareyer. (Hint. assume that you are palid at the end of each year so that your first salary payment if you decide to ge to isw achool occus'4 a. What is the peesent value of the future eamings that you will realize by going directly to work, assuming a discount rate of 3 percent? (Rhund to the nearest cent.)

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