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 y ou 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?
2 answers:
I say that answer would be C:
Answer:
Option c., $69,000
Step-by-step explanation:
Full time salary amount for 2 years = $45,000 × 2
= $90,000
Total cost of going to school = $30,000
If i want to recover the investment in 5 years or less then minimum salary i will need
=
=
= 45,000 + 24,000
= $69,000
Therefore, Option C will be the answer.
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