Problema degree program costs 50000 in total expenses 30000, Ask an Expert

Finance

Problem:

A degree program costs $50,000 in total expenses. $30,000 in tuition and $20,000 in housing and books. The US government provides a grant for $10,000 of the tuition. Moreover, the university pays $20,000 of the $30,000 tuition in salary to your instructors. Being in the program is so muc fun, you are willing to to pay a net of $5,000 for the pleasure.

Required:

Question: What is the net cost of the education to you?

Note: Please provide step by step solution.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91148113

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