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Unformatted text preview: 2. If she does go to grad school, she has to spend 3 years studying full time (that is, not working) and paying tuition of $20,000 a year. When she gets out, however, shell be able to earn $40,000 a year for 42 years. What is the present value of this part of the decision? What decision should she make? Would your advice be the same if the interest rate were a lot higher?...
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- Spring '12