James has a job with a current salary of $42,000. He wants to earn a college degree that will take him 2 years to complete and it will cost $28,000 per year. He will go to school full time and will not be able to work. Upon graduation, James' new salary will be $56,000 per year. How many years will it take James to recover his investment?
a.
1.3 years
b.
2.5 years
c.
10 years
d.
20 years.

Question

James has a job with a current salary of $42,000. He wants to earn a college degree that will take him 2 years to complete and it will cost $28,000 per year.  He will go to school full time and will not be able to work.  Upon graduation, James' new salary will be $56,000 per year.  How many years will it take James to recover his investment?
a.
1.3 years
b.
2.5 years
c.
10 years
d.
20 years.