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Chester a twenty year old is considering whether to attend college or to trades . The college education requires four years of study during which time income is-$20,000, but there after earns a salary of$100,000 per year .the trade job starts early immediately and pays $75,000per year .in either case Chester plans to work until age 60. If r=0.06 which option has the Highest present value explain

Chester a twenty year old is considering whether to attend college or to trades . The college education requires four years of study during which time income is-$20,000, but there after earns a salary of$100,000 per year .the trade job starts early immediately and pays $75,000per year .in either case Chester plans to work until age 60. If r=0.06 which option has the Highest present value explain

CONCEPTS IN FED.TAX.,2020-W/ACCESS
CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter9: Acquisitions Of Property
Section: Chapter Questions
Problem 50P
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Chester a twenty year old is considering whether to attend college or to trades . The college education requires four years of study during which time income is-$20,000, but there after earns a salary of$100,000 per year .the trade job starts early immediately and pays $75,000per year .in either case Chester plans to work until age 60. If r=0.06 which option has the Highest present value explain
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