Problem
People live for four periods. They can choose to work for all four periods, or can attend school in the first period and then work for the remaining three periods. If people do not attend school, their annual wage is $30,000 per period. If they do attend school, they earn $50,000. The cost of attending college is $28,000, the interest rate is 10 percent, and all people are identical. Do people go to school or not?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.