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14 August, 21:22

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 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?

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  1. 14 August, 21:26
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    I would say that this person has lost out on 2 years salary while in school plus 5 year repayment period. Total amount divided over 5 years is:

    ((2+5) (45,000) + 30,000) / 5 =

    (7 (45,000) + 30,00) / 5 = 69,000 salary
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