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Bob decided to give up a full-time salary of $45000 a year to go to school for 4 years. The total cost of going to school will not include the loss of income because he has saved money and has grants/scholarships
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Bob decided to give up a full-time salary of $45000 a year to go to school for 4 years. The total cost of going to school will not include the loss of income because he has saved money and has grants/scholarships to support living cost during this time. But the cost of going to school will be $2,858 per semester, plus $391 per semester for books. If he wants to recover his investment in 6 years or less what is the minimum salary he would need to earn upon earning his degree.

User Syed Saad
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1 Answer

2 votes

Answer:

Explanation:

Semester Costs = 8*2858 = 22864

Books / semester= 8 * 391 = 3128

Total 25992

If he wants to repay all this in six years the answer would be

45000 + 25992/6 = 45000 + 4332 = 49332

User Anton Toshik
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6.1k points
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