Application Time! Jessica is thinking about going back to school led time andreceive a Mastery in Accounting. Fan of herdecision wi be based on the rain on investment of Graduate School Hep Jessica find the FWof going backto school / W/ wow weneed to pull the data from the This Sheet "and (El solve for the missing information. Q8 How much is going back to school going to cost? NPER RATE PV PMT FV Reminder Show the 70Minows and caloware in Excel 3 3.00% 0 $31,000 #NIA Q9 How much money will be forgone will attending school? NPER RATE PV PMT FV Reminder Showthe Minnows and calculate in Excel 3 4.00% 0 $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 Minnows and calswars in Ence 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.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 22