EXPERIENCED TUTOR ONLY: Job search and the education path that maximizes YOUR net present value & earnings.

TASK A: Research 3 career paths (SEE BELOW 1-3) 1. A job you I could have taken as a high-school graduate with an annual salary (REAL ESTATE AGENT): 45K-70k 2. A job I am interested in after my college degree is (FINANCIAL ANALYST) with an annual salary: 75K-180K 3. A job that requires a graduate degree and the advertised annual salaryis (CERTIFIED PUBLIC ACCOUNTANT) 65k-200k TASK B: Choose a discount rate between 5 and 15 and explain your choice.

People with high discount rates generally place a high opportunity cost of additional years of schooling. (Maybe you do not like schooling very much or may simply prefer earning money today rather than waiting so long into the future to earn or you may have pressing family/health/social responsibilities that make schooling costly for you compared to working right away) TASK C: Calculate the PV of your future earnings for each route using your selected discount rate (show your calculations clearly- Option 1 - High school path for the 20 years at your chosen discount rate

Option 2 - College degree path for the 20 years at your chosen discount rate

Option 3 - Master's degree path for the 20 years at your chosen discount rate TASK D:

What education path maximizes YOUR net present value of his lifetime earnings?

Provide an economic analysis of this exercise and what are your main takeaways from this exercise?