Question: What is the Net Present Value (NPV) and Internal Rate of Return (IRR) of spending $120,000 today on law school assuming you made $50,000/year before
What is the Net Present Value (NPV) and Internal Rate of Return (IRR) of spending $120,000 today on law school assuming you made $50,000/year before going to law school and $55,000/year for the next 35 years after law school? Assume you could invest this money elsewhere and earn 13%? with financial calculator
answer NPV = ($82,072.14); IRR = 2.26%
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