Suppose tuition at a community college is $5,000 per year. Going to community college has a benet, as workers with an associate's degree from a twoyear community college earn $20,000 per year. Suppose further the annual interest rate is 10 percent. With all of this information, compute the present value (in the rst year of community college) of two years in community college followed by one year of work. Make sure to show your work