Question: Please provide detailed step - by - step, explanations for Excel: The WSJ article states that the post - college beginning ( median ) salary
Please provide detailed stepbystep, explanations for Excel:
The WSJ article states that the postcollege beginning median salary was $ while the posthigh school salary was $ Assume that a student going to college will go full time and not early money for the first four years, and that a salary will start in Year Conversely, a high school graduate will earn a salary starting one year from now. Also, assume that post college salaries will grow per year while high school salaries will grow per year. Historically it has been confirmed that college earners have a greater growth rate in earnings. Further, assume that the cost of college is the average given in the article $ for tuition and fees and $ for room and board per year for four years at a public university Also, assume that the four years of costs will be financed at a student loan rate for years, and the total on student loan will accumulate interestfree; loan payments with interest will begin in Year and end after payments.Complete all the cells in yellow by adding the correct formula. You are given selected answers in some yellow cells to check your formulas. Be sure to use cell referencing to the green cells so that the inputs in the the green cells can be changed, and that these changes will automatically be updated in the worksheet. The cumulative net advantage of college is the accumulation of the Net Advantage of College column. The PV of the net advantage years is based on the PV of the Net College Advantage column, assuming a discount rate because of inflation cell B Complete the mini case template with the correct formulas and data in the yellow cells that displays the correct numbers.
Net Advantage
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