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Assume the average starting income of a high school graduate is $ 4 0 , 0 0 0 per year for four years and the

Assume the average starting income of a high school graduate is $40,000 per year for four years and the cost of going to college is $45,000 per year for four years. Also, assume that after graduating from college people work for 40 years. On average, if a college student earns $50,000 per year, how many years will it take to breakeven with a high school student? (Ignore any other concepts like interest rates, present value and risk, etc., which may be covered later.)

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