Question

Aaron is a high school graduate working as a retail clerk. He earns a median salary for a high school graduate. Aaron is thinking about going to college to get an associate's degree. If he completes his degree in 2 years and college costs total $30,000, how long will it take Aaron to recover his investment, assuming that he earns the median salary and continues to work full time while he is attending school? 2007-01-02-00-00_files/i0110000.jpg a. about 2.5 years b. about 5.5 years c. about 8.5 years d. about 11.5 years

Answer 1

The answer is A. about 2.5 years

Answer 2

a. about 2.5 years.

Explanation:

A high school graduated earns a median wage of $27,708, which is $2,309 per month. Therefore, he even could pay before this period, but we need to consider his other living expenses, rent, food, gas and so on.

So, basically the proper answer is 2.5 years, because is the minor time that answers provide.