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We have Decision to make Today that will Affect us for at Least the next 20 Years. We will Use 20 Years for this Decision.

We have Decision to make Today that will Affect us for at Least the next 20 Years. We will Use 20 Years for this Decision.

The Choice is to take a Retail Job Now or Go to College and Get a College Degree Job Later.

The Costs and Benefits for the Retail Job are as Follows ;

The Retail Job will pay You an Average Salary of $70,000 per Year for the Next 20 Years.

The Retail Job requires Work Clothes that will Cost you an Average of $1,500 per Year for the Next 20 Years.

The Retail Job requires you to Buy a Car for $15,000 to get back and Forth to Work.

The Costs and Benefits for the College Job are as Follows ;

The College Tuition at the Local Community College is $1,000 per Year for 3 Years.

The College Tuition at the University is $10,000 per Year for 2 Years.

The College Books and Materials Cost is $2,000 per Year for the First 5 Years.

The College Job requires Work Clothes that will Cost you an Average of $1,500 per Year for the Last 15 Years. College Clothes are Casual for the First 5 Years, No Cost.

The College Job will pay You an Average Salary of $110,000 per Year for the Last 15 Years.

Going to College and The College Degree Job Requires you to Buy a Car for $15,000 to get back and Forth to College and Work.

QUESTIONS

Show your Answers as a Number Only Rounded to the Nearest Dollar unless otherwise NOTED. NO Symbols such as Dollar Signs, Commas or Percents. Show Any Negative Number in Parens as Follows = (100)

I NEED THE STEPS TO GET THE ANSWERS TO THESE QUESTIONS FOR MY FUTURE TESTS.

1. Compute the Total NET Relevant (Cost) or Benefit to Take the Retail JOB =

1,370,000

= Show your Answer as a Number Rounded to the Nearest Dollar. No Dollar Signs, commas, or decimals.

2. Compute the Total NET Relevant (Cost) or Benefit to Go to College and Get a College Degree JOB =

1,594,000

3. Compute the Dollar Benefit to your Decision in this Question Above =

224,500

= Show your Answer as a Number Rounded to the Nearest Dollar. No Dollar Signs, commas or decimals.

Going to College is the best decision

A Qualitative Benefit is more knowledge

A Qualitative Cost is the study struggles

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