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What would be the forgone lost future value of 60000 over

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Delores Springsteen hopes to earn an extra $600,000 over her remaining 40-year working career by going to night school to obtain a master's degree. If her income projection is correct, that's an average of $15,000 more income a year. Delores's employer is willing to pay $45,000 toward the $60,000 schooling costs, so she must pay out $15,000 of her own money.

(a) What is the forgone lost future value of her $15,000 over the 40 years at 6 percent?

(b) What would be the forgone lost future value of $60,000 over 40 years if Delores had to pay all the costs for her master's degree?

Reference no: EM13574743

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