Investment: cost of her education + salary as sales clerk during two years
Investment = 18,000 (2) + 20,000 = 36,000 + 20,000 = 56,000
Time to recover investment = 56,000/35,000 = 1.6
In less than two years, after she starts to work Niah will have recoverd her investment.
I ran out of time. will come back in a few minutes to answer the question.
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Equation:5000(1+0.04)^7
Answer: approximately 6579.65 or 6580