Niah works as a retail sales clerk earning $18,000 per yer. she plans to go to school for medical billing that has a median salary or $35,000. the cost of her education will be $20,000. if niah does not work for the 2 years that she is in school, about how long will it take her to recover her investment if she gets a medical billing job making the median salary when she graduates

Question

Mathematics

Blaze Meadows

19 February, 12:29

Niah works as a retail sales clerk earning $18,000 per yer. she plans to go to school for medical billing that has a median salary or $35,000. the cost of her education will be $20,000. if niah does not work for the 2 years that she is in school, about how long will it take her to recover her investment if she gets a medical billing job making the median salary when she graduates

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Shyanne Cox · Answer 1

Investment: cost of her education + salary as sales clerk during two years

Investment = 18,000 (2) + 20,000 = 36,000 + 20,000 = 56,000

Time to recover investment = 56,000/35,000 = 1.6

In less than two years, after she starts to work Niah will have recoverd her investment.