Question

jayce is thinking about goign to techinal school and getting a two year degree that will qualify him or her for 38000 a year job. he could go to work today and make 14000 a year how long will it take jayce to recover his investment if he goes to college? assume he will not work at all while in college and that he will spend 4000 a year on tuition and books.

Answer 1

Well two years work is 28000 plus 8 thousand for books and tuition is 36000, if he makes 38000 he will cover it in less than a year, but for more specificspecific you can divide 38000 by 365 to get the money he makes in a day. Take 36000 and dividedo it byet this cash per day to see how many days it would take to cover the deficit