Difference in educational attainment and discount rates

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Wynken has three years of college, Blynken has two, and Nod has one. The difference in educational attainment is completely the result of different discount rates. Wynken earns $21 per hour, Blynken earns $19, and Nod earns $16. The wage rate for high school grads is $10. Calculate the rates of return and use this data to put a range on each man’s discount rate?

Reference no: EM131104433

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