NPV of Your University Degree

I would like you to utilize the concepts to determine the Net Present Value of your degree of university. Additionally, you may want to further motivate yourself by calculating the degree of effort you are putting into this degree (ie hours expended each year), and calculating an hourly wage you are receiving for this effort.

Things your submission should consider:

Cost of Tuition ($8,255 per year).

Opportunity cost of being here.

Number of hours per year you work at University in obtaining your degree. (3 hours * 4 classes * 12 weeks * 2 terms = 288 hours per year)

Number of years you will spend at University? (5 years)

6% interest rate.

Assume you will start work immediately after graduation in either case, whether you graduate or not.

What your starting salary will be with your degree versus without a degree.

Career = 35 years after you graduate

Starting Salary will grow by 5% per year when you graduate.

Salary will grow by 3 % per year if you did not start or finish your degree.

You will receive a pension equal to 70% of what you made on the last (35th) year of your career, forever with no growth.

After 25 years of retirement, you die, and your pension dies with you.

Show your all details and process and fomulas.