Question: Full question above (2 Points) Raejean is a high school graduate deciding whether to go to StFX. Post highschool life can be summarized in 2
Full question above
(2 Points) Raejean is a high school graduate deciding whether to go to StFX. Post highschool life can be summarized in 2 major periods: In the first period, Raejean can either work for a salary of Yus, or can attend university at a cost of $5000. In the second period, Raejean will earn Yusif or Yuni, depending on the decision to attend university or not in period 1. Money can be borrowed or invested at rater. i) Write down an inequality that illustrates in which case Raejean will attend StFX. ii) Suppose that r = 0.1 (interest rates 10%) and that Yus = $500,000. What expected wage from university Yuni would be required to convince Raejean to go to StFX
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