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suppose a person with an undergraduate degree (16 years of education) can earn 4.11 times more than smeone without schooling. Also, a person with a

suppose a person with an undergraduate degree (16 years of education) can earn 4.11 times more than smeone without schooling. Also, a person with a two-year MBA expects to earn 15% more each year for two years than someone with an undergraduate degree. If the annual income without schooling is ewqual to $20,000, what is the expected salary of a person with 16 years of education

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