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? a. $51,000 b. $60,000 c. $69,000 d. $75,000 select the best answer from the choices provided a b c d

The answer is option C : $69000.

Step-by-step explanation:

You give up a full-time salary of $45,000 a year to go to school for 2 years.

So, total loss = dollars

The total cost of going to school is $30,000.

So, total cost incurred will be = dollars

You want to be able to recover your investment in 5 years

And per year you need to get = dollars

Hence, each year you will have to earn = dollars

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step-by-step explanation:

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