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Upon graduating from college this year, you expect to earn $25,000 per year. If you get your MBA, in one year you can expect to
Upon graduating from college this year, you expect to earn $25,000 per year. If you get your MBA, in one year you can expect to start at $35,000 per year. Over the year, inflation is expected to be 5 percent. In today's dollars, how much additional (less) money will you make from getting your MBA (to the nearest dollar) in your first year?
A) $2,462 B) $8,333 C) $8,750 D) $9,524 E) $10,000
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