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Suppose you have data on students and their teachers linked to student earnings later in life.You estimate that having a teacher for one year with

Suppose you have data on students and their teachers linked to student earnings later in life.You estimate that having a teacher for one year with one standard-deviation higher value-added increasesa student'sannual earnings from age 20 to70 by $125 per year. What is the approximate present discounted value at age 20 of the increase in earnings generated for a class of 25 with a discount rate of 0.02?

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