The annual earnings for persons with high-school diploma is $60000, versus $70000 for someone with a...

The annual earnings for persons with high-school diploma is $60000, versus $70000 for someone with a bachelor's degree. cost of attending college is equivalent future value of $400000 at graduation. working for 35 years after graduation. Find the internal rate or return of earning a bachelor's degree

Solutions

Expert Solution

Additional Income for a Bachelor's Degree = 70000-60000 = $10000

Therefore, IRR = -0.7242%

jeff jeffy answered 1 year ago

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