Question: Solve the following Cost - Benefit Problem: Paula has a high school degree and is considering going to law school. If she does, she will
Solve the following CostBenefit Problem:
Paula has a high school degree and is considering going to law school. If she does, she will spend $ on tuition and books to get an undergraduate college education on tuition and books to get a law degree and her law degree will benefit her $ during the remainder of her worklife Paula's time preference for money is associated with a perperiod interest rate of percent. Approximately what is Paula's net present value of obtaining a law degree, set up over time periods? Should she invest in education?
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