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Assume you will make $40,000/year with a high school diploma. You will make $50,000/year with art degree. Assume you work for 40 years and earn

Assume you will make $40,000/year with a high school diploma. You will make $50,000/year with art degree. Assume you work for 40 years and earn 8%. How much is that art degree worth? (hint: compare PVs)

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