Assignment Part II

Using the same slide, take the average salaries for each degree shown and determine how much money a person will earn in a lifetime if they

• have a high school diploma.

• have an associate’s degree.

• have a bachelor’s degree.

In order to calculate your answer, assume that:

• The average person works for 43 years (from the age of 22 to the age of 65 for full retirement benefits).

• The average person receives a salary increase of 3% a year every year for 50 years.