5 Unit 3: Building - Using Your Current Income Tomorrow 6 LG7-Understand the concepts of saving and investing and how it relates to human and financial capital accumulation 7 8 Q8 9 Texas Tech Graduate Program Cost of Attendance Per-Year $31,000 10 Number of Years 3 11 Cost of Attendance will Rise Per-Year 3.00% 12 13 Q9 14 Average Salary with Bachelor's Degree (Entry Level Accountant) $58,500 15 Number of Years 3 16 Cost of Living Raise Per-Year 4.00% 17 18 Q11 19 Number of Years 15 20 Earnings with a Master's Degree (Sr. Accountant) $1,200,000 21 Earnings without a Master's Degree $877,500 22Application Time! Jessicais thinking about going back to schoolkwame andreceive a Master in Accounting. Fan of her decision wil be based on the retwo on investment of Graduate School Hep Jessica find the RN of going back to school / W wow we need to pul the data from the Whi Sheer "303 (2) solve forthe missing mommaton Q8 How much is going back to school going to cost? NPER RATE PV PMT FV Reminder Show the Minnows 303636ware in Excel 3 3.00% $31,000 #NIA Q9 How much money will be forgone will attending school? NPER RATE PV PMT FV Reminder Show the 7Windows and calowdate in Excel 3 4.00% $58,500 #NIA Q10 What is the total cost? (cost of college + forgone salary) Q11 What is the 15 yr. ROI of attending graduate school? NPER RATE PV PMT FV Reminder Show the /Winows and calewate in ENca 3 1% 278,431.50 ($94,672.87) $322,500.00 Hint: The total cost Hint: With - Without #NIA Masters Degree Q12 Is this is a good ROI or not? List at least 3 other factors besides ROI that Jessica should consider. 13