ECONOMICS QUESTION If Anthony decides to go to college, what is the total direct
ID: 1123440 • Letter: E
Question
ECONOMICS QUESTION
If Anthony decides to go to college, what is the total direct cost of earning his four-year degree?
Map Sapling Learning macmillan learning Anthony is about to graduate from high school. In deciding what he should do for the next 14 years, he examines the two options before him: (1) Anthony can start working at a small neighborhood shop right after graduation and earn $12,000 per year for the next 14 years; (2) Anthony can attend a nearby college and earn a bachelors degree in four years. Tuition is $15,000 per year and Anthony knows he can get a job makin $28,000 per year for the 10 years following his college graduation. Disregard the effects of discounting. Enter the exact numbers for your answers to the numerical entry questions. Scroll down to see all parts of the question. If Anthony decides to go to college, what is the total direct cost of earning his four-year degree? Number 60000 If Anthony decides to go to college, what is the total amount he will earn after graduating with his bachelors degree? Number $280000 If Anthony decides to start working right after high school, what is the total amount he will earn during the next 14 years? Number $168000 Incorrect. Previous Give Up & View Solution # Try Again Next ExitExplanation / Answer
Direct cost of earning degree = $15000*4 = $60000
He will earn = 10*$28000 = $280,000
If he starts working after school = $12000*15 = $180,000 (As he starts right after graduation and work for next 14 years, so total 15 years)
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