Maurice Tutor

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About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 3 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 13 Oct 2017 My Price 3.00

forgone income

Theodore is considering a 1-year training program, which charges $20,000 in tuition, to learn how to install airport-screening equipment. If he enrolls in the program, his opportunity cost in forgone income is the $100,000 per year he can now earn. After completing the program, he is promised a job for 5 years, with a yearly salary of $130,000. (After 5 years, the equipment is expected to be obsolete, but Theodore plans to retire at that time anyway.) Assume Theodore’s personal discount rate is 5 percent. Should Theodore enroll in the program? Why? (Show your calculations.)

 

Answers

Maurice Tutor
(5)
Status NEW Posted 13 Oct 2017 03:10 PM My Price 3.00

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