Which of the Following Is Included in the Cost of Education

question 8

Multiple Choice

Which of the following is included in the cost of education?

• A)Direct costs such as books
• B)Opportunity costs
• C)Time
• D)Direct costs and opportunity costs

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Definitions:

Present Values

The monetary value now of a future lump sum or cash flow series, taking into account a particular rate of return.

Excel

A spreadsheet program developed by Microsoft used for data organization, analysis, and calculation.

Periodic Interest Payments

Regularly scheduled payments made to a lender or creditor for the use of borrowed money, typically part of the terms of a loan.

Par Value

The face value of a bond or stock as stated by the issuing company, which does not necessarily reflect market value.