Final answer:
To recover the investment in 4 years or less, you would need to earn a minimum salary of $88,000 upon earning your degree.
Step-by-step explanation:
To determine the minimum salary needed to recover the investment in 4 years or less, we need to calculate the total salary given up during the 2 years of school and add it to the total cost of going to school. Subtracting this sum from the total desired recovery amount will give the minimum salary needed upon earning the degree.
- Calculate the total salary given up: $52,000/year * 2 years = $104,000
- Calculate the total cost of going to school: $36,000
- Add the total salary given up and the total cost of going to school: $104,000 + $36,000 = $140,000
- Subtract the desired recovery amount from the sum: $140,000 - $52,000 = $88,000
Therefore, the minimum salary you would need to earn upon earning your degree is $88,000.