Question: PLEASE EXPLAIN THE PROCESS AND ANSWER, THERE ARE SO MANY DIFFERENT ANSWER IN CHEGG Question 18 Answer saved Points out of 1.00 John has spent

PLEASE EXPLAIN THE PROCESS AND ANSWER, THERE ARE SO MANY DIFFERENT ANSWER IN CHEGG

 PLEASE EXPLAIN THE PROCESS AND ANSWER, THERE ARE SO MANY DIFFERENT

Question 18 Answer saved Points out of 1.00 John has spent 4 years to just get his bachelor degree now from Lam's business school at SFSU. In the last four years, on average, he has spent $25,000 in total each year related to his education such as tuition, rent, food, transportation, books, etc. Before John came to SFSU, he worked in a grocery store and made $35,000 each year. The owner of the grocery store has told John that he can go back to work in this store any time and make the same salary each year. Next year, John will work in a high tech company in San Jose and make a much higher salary of $65,000 each year. Suppose that John will retire after working for 30 years on this job, and make the same salary each year. If the interest rate is 5% every year, what is the market value for John's bachelor degree? P Flag question Select one: O a. $500,000.00 O b. $999,209.32 c. $461,173.53 O d. $538,035.79 O e. None of the above Clear my choice

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!