1 - N Unit 3: Building - Using Your Current Income Tomorrow LG7-Understand the concepts of saving and investing and how it relates to human and financial capital accumulation sl Number of Years Earningz with a Master's Degree (5r. Accountant) 1,200,000 Earnings without a Master's Degree $877,500 Application Time! Jessica is thinking about going back to school full time and receive a Master's in Accounting. Part of her decision will be based on the return on investment of Graduate School. Help Jessica find the ROI of going back to school. (1) you will need to pull the data from the "Info Sheet" and (2) solve for the missing information. 18 Q8 How much is going back to school going to cost? NPER RATE PV PMT FV 19 Reminder. Show the TVM inputs and calculate in Excel. 13 3.00% 0 $31,000 50 #N/A Q9 How much money will be forgone will attending school? NPER RATE PV PMT FV Reminder. Show the TVM inputs and calculate in Excel. 3 4.009 0 $58,500 #N/A Q10 What is the total cost? (cost of college + forgone salary) 56 Q11 What is the 15 yr. ROI of attending graduate school? NPER RATE PV PMT FV Reminder. Show the TVM inputs and calculate in Excel. 3 1% 278,431.50 ($94,672.87) $322,500.00 Hint: The total cost Hint: With - Without Masters #N/A Degree