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Wagner Warner
05/09/2023 · Senior High School

Example 5: Jessica is thinking about getting her master's degree. She will give up making \( \$ 28,000 \) a year for the 2 years it takes to complete the program. She will also pay \( \$ 34,000 \) in total costs to get the degree. Assuming that she will make \( \$ 60,000 \) a year after completing the degree, how long will it take for her to recover her investment? Show your work here:

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It will take Jessica approximately 2.81 years to recover her investment in her master's degree.

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