1. Scarlett recognizes that not only will she have the costs of attending school but she will also be giving up a salary while she attends school. She figures the average salary for those with only a high school diploma is $30,500. She assumes she would receive a 3.2% cost of living raise each year. Determine how much money she will forgo while attending school.

Number of years:4

N		Explanation:
I/Y
PV
PMT
FV

2. If Scarlett adds the cost of college with the salary she will forgo by attending college she finds it will cost: __________________ in total. (Keep in mind that this does not include any interest on loans needed to pay for school)

Answer rating: 100% (QA)

To determine how much money Scarlett will forgo while attending school we can use the present value ... View the full answer