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You have recently graduated from high school and are debating whether to attend college or get a job. Assume that you can spend $50,000 today for tuition and receive your college degree in only one year. When you graduate, you will receive a job that pays you $100,000 immediately and $100,000 the following year. If you begin working immediately, you can earn $35,000 today and each of the next two years. If the annual interest rate is 10%, should you go to college?
Conservation of Energy
A principle stating that energy cannot be created or destroyed, but can be altered from one form to another.
Cognitive
Relating to, being, or involving conscious intellectual activity such as thinking, reasoning, or remembering.
Insomnia
A sleep disorder characterized by difficulty falling and/or staying asleep.
Cognitive-Behavioural Therapy
A form of psychotherapy that treats problems and boosts happiness by modifying dysfunctional emotions, behaviors, and thoughts.
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