At Age 40,Joe Is Considering Quitting His Job and Going

question 31

Multiple Choice

At age 40,Joe is considering quitting his job and going back for a college degree.He needs two more years full-time.Tuition is $10,000 per year.He earns $30,000 per year.A college degree would raise his annual income by $10,000 per year.He will retire at age 70.Which of the following makes it less likely that Joe will decide to go back to college full-time?

• A) The extra income due to a college degree rises.
• B) The rate of interest decreases.
• C) The government enacts mandatory retirement at age 60.
• D) Tuition decreases.