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

The total cost is:
$30 000+$90 000=$120 000

$120 000/5= $24 000

Thus, you would have to earn,
$45 000 +$24 000= $69 000 each year