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