This exercise relates to Example1-3 "What Does a Year at College ReallyCost?"

Jo Vernon

JoVernon is currently earning $2400.00

2400.00 per month working full time in Winnipeg

Winnipeg. She lives in aone-bedroom apartment and pays $600.00

600.00 per month in rent. Her monthlyfood, personalcare, and entertainment expenses are $700.00

700.00 per month. She pays $75.00

75.00 per month for a buspass, as she does not own a car.

Jo Vernon

JoVernon wants to estimate the extra cost related to her possible decision of enrolling full time in the first year of university in Winnipeg

Winnipeg. Tuition, fees, and books for the first year at university amount to $5500.00

5500.00. If she does go to university she will give up working at herfull-time job for the eight months she is enrolled. She will be back at herfull-time job for the other four months of the year. If she enrolls atuniversity, Jo Vernon

JoVernon expects to continue to live in herone-bedroom apartment, take the bus to the universitycampus, and maintain her current lifestyle.