Upon Graduating from College This Year,you Expect to Earn $25,000

Multiple Choice

Upon graduating from college this year,you expect to earn $25,000 per year. If you get your MBA,in one year you can expect to start at $35,000 per year. Over the year,inflation is expected to be 5 percent. In today's dollars,how much additional (less) money will you make from getting your MBA (to the nearest dollar) in your first year?

A) $10,000
B) $8,750
C) $8,333
D) -$2,462
E) $9,524