Susie believes she could earn $12 an hour working full time at a local department store...

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Susie believes she could earn $12 an hour working full time at a local department store and receive annual raises of 3%. However, she could spend the next four years obtaining a college education. Currently, one year of college costs $15,000 and is expected to rise at an annual rate of 7%. Once she graduates with a degree in business, she thinks she could generate a starting salary of $55,000 with annual raises of 5%. Assuming all costs and wages/salaries are paid at the beginning of the year and full-time employment means 40 hours per week (52 weeks in a year), calculate the best route for Susie. While you should consider all raises and cost increases, ignore the time value of money when calculating the final answer, Round calculations to the nearest dollar. Susie believes she could earn $12 an hour working full time at a local department store and receive annual raises of 3%. However, she could spend the next four years obtaining a college education. Currently, one year of college costs $15,000 and is expected to rise at an annual rate of 7%. Once she graduates with a degree in business, she thinks she could generate a starting salary of $55,000 with annual raises of 5%. Assuming all costs and wages/salaries are paid at the beginning of the year and full-time employment means 40 hours per week (52 weeks in a year), calculate the best route for Susie. While you should consider all raises and cost increases, ignore the time value of money when calculating the final answer, Round calculations to the nearest dollar.