Formula for Problems $1$ and $2$

$1.$ Objective

Currently$-$employed computer programmer seeks to obtain a Microsoft Engineer license from DeVry University$$s School of Continuing Education by completing five courses over the next four months $($Summer and Fall semesters$)$ on a full$-$time basis.

Based on the assumptions below, what is the Net Present Value to the programmer of obtaining this license and does it support this investment?

Assumptions:

Direct costs

Tuition, fees and books totaling $$7,300$

Indirect costs

Lost earnings while participating in program totaling $$30,000$

Interest rate

$2\%$

Expected increased productivity $($and earnings potential$)$ upon completion of program

Period $($Year$)1-$ $$6,000$

Period $($Year$)2-$ $$8,000$

Period $($Year$)3-$ $$10,000$

Period $($Year$)4-$ $$12,000$

Please show your work