Do the Math 2-1 Economic Trade-off of Graduate School Jessica Sotomajor, of Bangor, Maine, works for a military contractor and hopes to earn an extra $810,000 over her remaining 30-year working career by going back to school to obtain a doctor's degree. If her income projection is correct, that's an average of over $27,000 more income a year Jessica's employer is willing to pay half, or $43,000, toward the $86,000 cost of the annual Ph.D. program, so she must pay $43,000 of her own money, Jessica wonders if expected extra income would warrant spending the money to get the Ph.D. Round your answers to the nearest whole dollar. a. What is the forgone lost future value of her $43,000 over the 30 years at 5 percent? Round Future Value of a Single Amount in intermediate calculations to four decima! places. (Hint: See Appendix A-1.) b. What would be the forgone lost future value of $86,000 over 30 years if Jessica had to pay all the costs for her doctoral degree? Round Future Value of a Single Amount in intermediate calculations to four decimal places. (Hint: See Appendix A-1.) $ Advise Jessica as to what she should do. The input in the box below will not be graded, but may be reviewed and considered by your instructor Appendix A-1 Future Value of a Single Amount (S1 at the End of n Periods) (Used to compute the compounded Future Value of a Known Lump Sum) 5% 8% 9% 10% 11% INT WOL ET 13100 1311 BONI TO UNDE WILL 144 151 PIT BOLT LRT IHIL 69861 200 11718 1518 WEL 0001 BC SUITE TROT 21 250 SD COR 20 PRO FREE RE SE us NESS 115 2.45 11 100 ME 2 3% 4% 7% 110200 10 11000 160 1 1008 110 1123 11 1164 10012 LO 13150 121 100 100 112 1319 105 13 1 14118 505140411197 132 10451x 13 13001 7 101 102 3 10 INT 301 10 10411 1161 13 141 10 165 199 2.1711 16 1 130 130 HOW 12 2119 11 11111 1304 13155 2019 2311 2500 11 12 13 16010 20131 22572 2515 23127 11 1296 14 212 24 21 06 5.185 375 95124 1317 11 2009 2573 2917 1. 1910 1909 1980 TO 20 2367 2.7990 es 1176 13725 16041 25404 2.32 1437 IT 11 1002 1947 22 162 37000 4310 10 1191 14387 1004 2025 2006 20543 30 1465995 2. 27 30256 345 157 13061 2011 4660 5.6044 100 2.70 LE 2 15 2005 11 300 197 NO LOTS 7757 4 12 2034 2.933 29 te 10 2912 5:41 1.30 1ATH 50 23964 30 17069 23 24 13126033 31111 LV -24 1 TUM T10 7000 2195175 31. 47616 7. 114 STARS 12% 13% 14% 15% 16% 17% 185 19 20% 1.100 11500 1.NO 1. TIN 16 1325 UW 140 143 15 1309 1601 1.373 18.30 1 100 tate 2. 130 1.50 1.34 157 20000 2. 201 25452 2 201 22 2.00 2 31012 1125 30 2.00 27 100 25 15 2702 4006 411 53 Sec ETT es 4720 6179 6757 3.000 23 4700 100 513 530 7007 90075 1072 11:49 12.09 SU 6253 737 37 13:55 15.00 1104 70073 14120 1617 12 127 16.07 19. 1579 12.375 HDS HOR 21 100 2057 16.11 2011 215 113311 21:10 ON TO D 03: M 12.30 30 55.2011 WANAN 0 HT 15 12 3526 32907 5820 PE 1700 22305 2 319190 7.31153 10 3,430665 149 YT 920 TS 55.000 B3455 117. 21 S300 2 25 TE 15 MER 2070 21 22 ST WT R902 2003 1657 160704 2566263907757 ON WATE 41722 490 SI 519 61199 6135 7.02 WIT & 2263 DU BE INITE ITOR 11 PICH ME WE BER SPATE RD SKIS WE RE IHRE WOO TO TIMES OSTE ET EYE E CO3 O samt 4564 BES IEEE TILTE STEET SUR HD SETE POWER THE EL GE Go w CE VEE 17 11 ISTS 4