Is going to college worth the cost? Use the present value concepts learned in chapter 26, assume
Question:
Is going to college worth the cost?
Use the present value concepts learned in chapter 26, assume the following:
-A return of 6%,
-All assumed costs of attending college
-All future revenues from your career.
Use the department of labor statistics for the current average high school salary, and the average college salary per year.
Assume: a high school salary over 30 years, and a college salary over 26 years. Treat the salary as an annuity paid over future terms.
Turn all future revenues into present value to compare with all costs, and then determine the net present value of graduating from high school vs. the net present value of graduating from college.
( cover page and outline of your research paper is due for review
Make sure you follow the APA guidelines found in Module E