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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 407 Weeks Ago, 5 Days Ago |
| Questions Answered: | 66690 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
6.9   U.S Census Bureau statistics show that the annual earnings for a person with a high-school diploma are $35,220 versus $57,925 for someone with a bachelor’s degree. If the cost of attending college is assumed to be $30,000 per year for four years and the foregone earnings during those years is as- sumed to be $35,220 per year, what rate of return does earning a bachelor’s degree represent, if a 35-year study period is considered? (Hint: The in- vestment in years 1 through 4 is the cost of college plus the foregone earnings, and the income in years 5 through 35 is the difference in income between a high-school diploma and a bachelor’s degree.)
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