A student is thinking about getting an MBA. She will give up making $38,000 a year for the 2 years it takes to complete the MBA. She will also pay $35,000 in total costs for the degree. Assume she makes $75,000 a year after she gets her MBA, how long will it take her to recover her investment?

Question

A student is thinking about getting an MBA.  She will give up making $38,000 a year for the 2 years it takes to complete the MBA.  She will also pay $35,000 in total costs for the degree. Assume she makes $75,000 a year after she gets her MBA, how long will it take her to recover her investment?

Astro · Answer

Well... She will give up making 38K for 2 years so that's. 76,000$

Then she pays 35,000 for the costs of degrees which would be 76,000+35,000=111,000

Then after she get's her MBA she makes 75,000 a year so how many years would it take her to recover her investment?

2 years. 75,000*2=150,000

She would then have enough to pay off her debt.