We explore the world of finance and career choices. Today, we're going to tackle a problem that deals with the financial value of different degrees, specifically Electrical and Computer Engineering (EEE) and Computer Science and Engineering (CSE) degrees.
The question is, is a EEE degree really worth more than a CSE degree? To answer this question, let's consider two hypothetical scenarios. In the first scenario, a person with an EEE degree starts with a salary of $40,000 and receives a $20,000 raise every year after graduation. In the second scenario, a person with a CSE degree starts with a salary of $30,000, but receives a 20% raise every year.
We'll also assume that inflation is a fixed 8% every year, which means that $1.08 a year from now is worth $1.00 today.
So, how much is a EEE degree worth today if the holder will work for n years following graduation? To find out, we can use the formula: 40,000 * (1+20,000)^n * (1-0.08)^n
And how much is a CSE degree worth in this case? To find out, we can use the formula: 30,000 * (1+20%)^n * (1-0.08)^n
Now, if you plan to retire after twenty years, which degree would be worth more? By using the above formulas, it can be calculated that EEE degree would be worth more in this case.
In conclusion, the financial value of a degree depends on various factors such as starting salary, annual raise, and inflation rate. It's important to consider all these factors when making a decision about which degree to pursue.
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