Question: 2. Scarlett recognizes that not only will she have the costs of attending school but she will also be giving up a salary while she

2. Scarlett recognizes that not only will she have the costs of attending school but she will also be giving up a salary while she attends school. She figures the average salary for those with only a high school diploma is $30,500. She assumes she would receive a 3.2% cost of living to raise each year. Determine how much money she will forgo while attending school.

N		Explanation:
I/Y
PV
PMT
FV

3. If Scarlett adds the cost of college with the salary she will forgo by attending college she finds it will cost: __________________ in total. (Keep in mind that this does not include any interest on loans needed to pay for school).

4. Continuing from question 3. Help John determine if it really is worth it to get a college education by comparing his ROI going to college and his ROI not going to college. After some research Scarlett discovers that for her career choice over the next 20 years she can expect to earn $2,400,000 with a degree and $600,000 without one. What is Scarletts 20-year ROI from going to college?

N		Explanation:
I/Y
PV
PMT
FV

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