2. Upon graduating from college this year, you expect to earn $25,000 per year. If you get your BBA, in one year you can expect to start at $35,000 per year. Over the year, inflation is expected to be...


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2. Upon graduating from college this year, you expect to earn $25,000 per year. If you get your<br>BBA, in one year you can expect to start at $35,000 per year. Over the year, inflation is expected<br>to be 5 percent. In today's dollars, how much additional (less) money will you make from getting<br>your BBA (to the nearest dollar) in your first year?<br>C -52,462<br>$8,333<br>$8,750<br>C $9,524<br>Extra credit: What if the salaries were 25,000 and 35000 for 20 years except that they grow with<br>inflation? How would you decide on the extra year in school?<br>

Extracted text: 2. Upon graduating from college this year, you expect to earn $25,000 per year. If you get your BBA, in one year you can expect to start at $35,000 per year. Over the year, inflation is expected to be 5 percent. In today's dollars, how much additional (less) money will you make from getting your BBA (to the nearest dollar) in your first year? C -52,462 $8,333 $8,750 C $9,524 Extra credit: What if the salaries were 25,000 and 35000 for 20 years except that they grow with inflation? How would you decide on the extra year in school?

Jun 06, 2022
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