Latest discoveries in biochemistry significantly lengthen

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Q. 1. George is working at a job to pays $25,000 a year. He is contemplating getting a two-year degree. It will cost him $5,000 for tuition also books each year also he will not be able to work while attending school. He estimates to his salary will rise by $10,000 per year after completing his education. The interest rate is 10%.

a. If George retires 1 year after getting his degree, should he enroll? Elucidate how all work also Elucidate.

b. If George retires 5 years after getting his degree, should he enroll? Elucidate how all work also Elucidate.

2. Assume to latest discoveries in biochemistry significantly lengthen our life expectancy. Illustrate what is the impact on the educational attainment of workers?

Reference no: EM1319357

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