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

question 49

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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