decision you would like to know the financial implications of the two alternatives. Let's assume that your alternatives are as follows: years later. little more than $110,000 in lost income over the three years of law school: $35,000 the first year, $36,750 the second year, and $38,588 the third year. at the end of each year so that your first salary payment if you decide to go to law school occurs 4 years from now.) c. If you pay your law school tuition at the beginning of each year, what is the present value of your tuition, assuming a discount rate of