If the average college graduate makes $33,000 more every year than the average high school graduate,...

 

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If the average college graduate makes $33,000 more every year than the average high school graduate, what is the cumulative marginal benefit of a college education if the average college graduate works for 40 years, assuming a 3% inflation rate? How much more would you have to pay each month if you had poor credit and could only get a loan at a higher interest rate? The terms for the good credit loan are $20,000, 3% APR, 4 years. The terms on the poor credit loan are $20,000, 8%, 4 years. (Hint: hint you will need to do two calculations of the same formula using the different terms. If the average college graduate makes $33,000 more every year than the average high school graduate, what is the cumulative marginal benefit of a college education if the average college graduate works for 40 years, assuming a 3% inflation rate? How much more would you have to pay each month if you had poor credit and could only get a loan at a higher interest rate? The terms for the good credit loan are $20,000, 3% APR, 4 years. The terms on the poor credit loan are $20,000, 8%, 4 years. (Hint: hint you will need to do two calculations of the same formula using the different terms.

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Cumulative Marginal Benefit of College Education The average college graduate makes 33000 more every ... View the full answer