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financial. However, to make an informed decision you would like to know the financial implications of the two alternatives. Let's assume that your alternatives are
financial. However, to make an informed decision you would like to know the financial implications of the two alternatives. Let's assume that your alternatives are as follows: per year. Moreover, you expect your salary to grow by 8 percent per year until you retire 38 years later. as a lawyer. (Hint: assume that you are paid 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 9 percent? a. What is the present value of the future earnings that you will realize by going directly to work, assuming a discount rate of 9 percent? (Round to the nearest cent.)
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