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Tom Dolezal Greg Haffner Jonathan McClelland.  Analysis over 12 years  Inflation rate assumed: 2.6%  Decision 1: Attain a job out of high school with.

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Presentation on theme: "Tom Dolezal Greg Haffner Jonathan McClelland.  Analysis over 12 years  Inflation rate assumed: 2.6%  Decision 1: Attain a job out of high school with."— Presentation transcript:

1 Tom Dolezal Greg Haffner Jonathan McClelland

2  Analysis over 12 years  Inflation rate assumed: 2.6%  Decision 1: Attain a job out of high school with only a normal high school degree.  Decision 2: Attend college and attain a bachelor’s degree, and then afterwards attain a job  Wage data collected from U.S. Census Bureau.

3 Decision 1: Attend College Decision 2: Do Not Attend College Year a. Expected Income b. Cost of College c. Expected Net Income (c=a-b) d. Expected Income 1$6,0006778$778$18,000 2$6,3407205$865$19,021 3$6,6907659$969$20,069 4$7,0488142$1,094$21,144 5$30,0010 $22,247 6$32,2320 $23,378 7$34,5210 $24,826 8$36,8700 $26,311 9$39,2800 $27,835 10$41,7520 $29,399 11$44,2890 $31,003 12$46,8920 $32,649 Total$331,91529784$302,131$295,882 Expected Incomes

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5 Year Present Value Decision 1: Attend College Present Value Decision 2: Go straight to work 1 $758 $ 17,543.86 2 $821 $ 18,069.19 3 $897 $ 18,581.62 4 $987 $ 19,080.85 5 $26,388 $ 19,567.47 6 $27,631 $ 20,041.18 7 $28,844 $ 20,743.17 8 $30,026 $ 21,426.86 9 $31,178 $ 22,093.52 10 $32,300 $ 22,743.59 11 $33,394 $ 23,376.68 12 $34,461 $ 23,993.94 Total $240,758 $ 247,261.92 Present Values

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