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Say a student leaves her job for a year to attend college. The job pays 10,000 a year. After returning to work with the extra
Say a student leaves her job for a year to attend college. The job pays 10,000 a year. After returning to work with the extra training her wage increases by 10% and she stays employed for 10 years and wages remain unchanged. The cost of the course was 500 and the discount rate is 5%. What is the net present value of the extra income the student will warn from going to college over her lifetime?
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