Question
Emily lives for three periods. Emily is considering the career choice of becoming a lawyer. If she becomes a lawyer, she will spend $37327 to
Emily lives for three periods. Emily is considering the career choice of becoming a lawyer. If she becomes a lawyer, she will spend $37327 to attend college in the first period, and spend $136511 to attend law school in the second period, and earn $696701 in the third period. Emily's time preference for money is associated with a per-period interest rate of 7 percent. What is Emily's net present value (NPV) of becoming a lawyer?
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Real Estate Development Principles And Process
Authors: Mike E. Miles, Laurence M. Netherton, Adrienne Schmitz
5th Edition
0874203430, 978-0874203431
