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FromTheMoon [43]
2 years ago
10

Bob decided to give up a full-time salary of $45000 a year to go to school for 4 years. The total cost of going to school will n

ot include the loss of income because he has saved money and has grants/scholarships to support living cost during this time. But the cost of going to school will be $2,858 per semester, plus $391 per semester for books. If he wants to recover his investment in 6 years or less what is the minimum salary he would need to earn upon earning his degree.
Mathematics
1 answer:
den301095 [7]2 years ago
3 0

Answer:

Step-by-step explanation:

Semester Costs = 8*2858 =                     22864

Books / semester= 8 * 391 =                        <u>3128</u>

Total                                                            25992

If he wants to repay all this in six years the answer would be

45000 + 25992/6 = 45000 + 4332 = 49332

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