A Bachelor of Accountancy degree at Your Dream Unversity would cost $$15,000$ tor an

additional ONE year of education beyond your Associated Degree that you earn from commur

college. Assume that all tuition is paid at the beginning of the year. A student considering this

investment must evaluate the present value of cash flows from possessing a Bachelor degree

versus holding only the Associated degree. Assume that the average student with an Associate

degree is expected to earn an annual salary of $$50,000$ per year $($assumed to be paid at the en

of the year$)$ for $10$ years. Assume that the average student with a Bachelor of Accountancy

degree is expected to earn an annual salary of $$65,000$ per year $($assumed to be paid at the en

of the year$)$ for nine years after graduation. Assume a minimum rate of return of $10\%.$

Should you quit school after your associate's degree or the bachelor's degree?

Answer rating: 100% (QA)

To determine whether it is more financially beneficial to quit school after earning an Associate degree or to continue for a Bachelor of Accountancy d... View the full answer