asked 96.8k views
3 votes
Assume that by continuing your education, you increased your yearly earning potential from $21,484 to $39,746. If the additional education costs $54,000, in about how many years will it pay for itself?

2 Answers

7 votes
2 years……… ugh I hate you have to put so many characters
answered
User Jimmy Collazos
by
7.5k points
3 votes

Answer:

2 years

Step-by-step explanation:

The increase in yearly earnings is

= $39,746 - $21,484

=$18,262

Every year, extra earning is $18,262

the cost of education is $36,000

It will take =$36,000/$18,262 years to repay

=1.971 years

=2 years

Step-by-step explanation:

answered
User Ben Mayo
by
8.0k points
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