About how much do you think that you could earn now, without a college education? What type
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About how much do you think that you could earn now, without a college education?
- What type of career do you plan to pursue after graduation for accounting, and about how much do you expect to be making then?
- Now consider your education as an investment of time and money. Does this investment make sense? Explain in detail how your economic "value" will increase over time. What is the "opportunity cost" of the time spent in college (during which you could have been working doing something else)?What sort of "return" do you expect to get on your college education?
- In a more general way, discuss how the concept of time value of money will affect your life. How might some of the concepts that we've covered in this module affect your real-life financial decisions with regard to both debt (car loans, student loans, credit cards, etc.) or equity (savings account, stocks, real estate, etc.).
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