Business, 26.10.2021 21:20 shymitch32
Floyd is now working on a job that pays $8000 a year. He is contemplating a 1-year automobile mechanics course that entails a cost of $1000 for books and tuition. Floyd estimates that the course will increase his income to $13,000 in each of the 3 years following the completion of the course. At the end of those three years, Floyd plans to retire to a commune in Boulder, Colorado. The current interest rate is 10 percent. Is it economically rational for Floyd to enroll in the course?
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Floyd is now working on a job that pays $8000 a year. He is contemplating a 1-year automobile mechan...
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