Calculate the present values of your lifetime earnings over two different career paths: one where you accept an quot;average jobquot; and one where...

Calculate the present values of your lifetime earnings over two different career paths: one where you accept an "average job" and one where you pursue your "dream job". The parameters that need to be customized to fit each of your career paths, include:

• Starting age (enter UA) (t=0).

• Projected retirement age (R).

• An interest / discount rate (r).

• All direct schooling costs (H).

• Occupation and industry.

• Annual earnings (w) (for your completed level of schooling).

• Changes in earnings over time (due to on-the-job training).

• Work promotion / relocation.

With your calculations, briefly explain the source of each parameter value, any assumptions being made, and why your parameters are the same or different between your career paths.