On Average,an Individual with a College Degree Earns About ____

question 48

Multiple Choice

On average,an individual with a college degree earns about ____ more each week than an individual who has not completed high school.

• A) $8,000
• B) $18,000
• C) $33,000
• D) $58,000

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Definitions:

Monthly Payments

Regular payments made towards a loan or mortgage over a set period, calculated to cover the principal amount and interest.

Loan

A sum of money or item of value given to a party with the expectation of repayment, often with interest, over a defined period.

Compounded Annually

The process where interest is added to the principal sum of a deposit or loan once a year, and from then on, the interest that has been added also earns interest.

Monthly Payments

Payments that are made once every month.