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

question 36

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.From an investment standpoint,Joe will go back full-time if

• A) 10,000 × = 40,000 × .
• B) 10,000/r > 10,000 × .
• C) 10,000 × > 40,000 × .
• D) 10,000 × > 40,000 × .

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Definitions:

Never-Married Parent

An individual who has one or more children but has never been legally married, which may have specific social, legal, and emotional implications.

Proportion

A part, share, or number considered in comparative relation to a whole; the relationship of one thing to another in terms of quantity, size, or number.

Children

Young human beings below the age of puberty or below the legal age of majority, often considered in the context of familial and social development.

Fastest Growing Households

Households that are increasing in number or size at a rate faster than other types, often due to specific social, economic, or demographic trends.