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Business, 25.12.2019 05:31 jhernandezvaldez142

Paula is considering going to law school. if she does, she will spend $60,000 on tuition and books to get a college education (during the first time period), $120,000 on tuition and books to get a law degree (during the second time period), and her law degree will earn her $500,000 during the remainder of her work-life (during the third time period). paula's time preference for money (her discount rate) is 20 percent.

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