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17 April, 17:46

Alistar has an annual income of $25,000. He decides to take classes on line and at night so that he can continue to work. After 3 years he gets his degree and immediately starts earning $32,000 per year. If it takes Alistar 6 years to recover his investment for his education, how much did it cost him

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  1. 17 April, 21:27
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    32,000 New Salary - 25,000 Old Salary = 7,000 increase in payment a year.

    6 years x 7,000 increase in payment a year = 42,000 savings over 6 years

    His education cost $42,000
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