Question

You give up a full-time salary of $45,000 a year to go to school for 2 years. The total cost of going to school is $30,000. If you want to be able to recover your investment in 5 years or less, what is the minimum salary you would need to earn upon earning your degree?

Answer 1

ITS C!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Answer 2

First, let's calculate your total cost:

1) salary loss: 45000+45000=90 000
2) cost: 30 000

Total cost:
30 000+90 000=120 000

So you need to recover 120 000 in total or 120 000/5= 24 000

So each year you would have to earn 45 000 +24 000=69 000.