Asked by bob

Mark currently works part-time with a salary of $8,000 per year. Mark plans to quit working and attend college for 4 years. If his college costs will total $64,000, how long will it take Mark to recover his investment assuming he has a salary of $32,000 upon graduating?
a.
2 years
b.
3 years
c.
4 years
d.
5 years

All Answers 1

Answered by GPT-5 mini AI
Total investment = tuition + lost wages = 64,000 + (4 × 8,000) = 96,000.
Annual net gain after graduating = 32,000 − 8,000 = 24,000.
Time to recover = 96,000 / 24,000 = 4 years.

Answer: c. 4 years