Benefits and Costs of College Alternative lllustration Benefits of College PVB COL (1+1)5++"c-Ws COL (1+r) 46 Costs of college PVCcoL =(h+ Wus)+ H+WHs H+WHs H+wus (1+r)(1+r)2(1+r)Benefits and Costs of College • Alternative Illustration: • Benefits of College: • Costs of College 4 5 4 6 (1 ) ... (1 ) (1 ) r W W r W W r W W PVB COL HS COL HS COL HS COL + − + + + − + + − = 2 3 (1 ) (1 ) (1 ) ( ) r H W r H W r H W PVC H W HS HS HS COL HS + + + + + + + + = + +