Current interest rate or person discount rate

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Consider a person who currently earns $26,000 as an unskilled worker. Suppose that by taking courses full-time (and not working) at a community college for one year, the person can qualify for a more skilled job paying $36,000 that is guaranteed to last for 3 years (after which the person would retire). Assume the cost of tuition and books at the community college for one year is $4,000 and that the current interest rate or person's discount rate is 10%. Is this a good investment?

Reference no: EM132492257

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