31. LO7 Michiko and Saul are planning to attend the same university next year. The uni- versity estimates tuition, books, fees, and living costs to be $12,000 per year. Michi- ko’s father has agreed to give her the $12,000 she needs to attend the university. Saul has obtained a job at the university that will pay him $14,000 per year. After discus- sing their respective arrangements, Michiko figures that Saul will be better off than she will. What, if anything, is wrong with Michiko’s thinking?
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