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(c) Suppose that a college education (in the right field) will (on average) increase your annual earnings by $30,000 per year for the 40 years

(c) Suppose that a college education (in the right field) will (on average) increase your annual earnings by $30,000 per year for the 40 years after you graduate from college. Suppose that you can graduate in 4 years. What is the present value of such a college degree when you graduate from high school, if the interest rate is 5%

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