Use the following to answer questions: 
-(Table: Total Utility of Income After College Expenses) Look at the table Total Utility of Income After College Expenses. The Smith family's expected total utility is _____ utils.
Definitions:
Annual Rate
The interest rate or growth rate over a period of one year, used for comparing investment returns or loan costs.
Salvage Value
The estimated residual value of an asset at the end of its useful life, which is considered when calculating depreciation.
Useful Life
The estimated duration over which an asset is expected to be usable and productive.
Incremental Analysis
Incremental analysis is a decision-making technique used in finance and accounting to determine the cost and benefits of a specific change in operations or business activity.
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