Question 15 • SHS Alt Personal Finance - 2021
Jamal’s investment includes both education costs and earnings he gave up. Tuition and books cost $1,400 + $500 = $1,900 per semester, or $1,900 × 3 = $5,700. By working half as much, he gives up half of his $8,000 yearly earnings, or $4,000 per year; over 1.5 years, that is $6,000. The total investment is $5,700 + $6,000 = $11,700, choice c.
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