Question about Office Equipment & Supplies

# 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 you 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?

Posted by Anonymous on

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Posted on Jan 02, 2017

please clarify what the question is here?

Posted on Jul 15, 2010

this is an accounting problem, u have the wrong wweb site

Posted on Jul 15, 2010

So expected returns are just a little more advanced version of probability - without getting too in detail it uses weighted averages so you do not have to add the same number 17 times.
Let's first define our variables:
E(X) = Expected Return X1 = Variable 1 P1 = Probability 1 (in decimal format so 55% would be .55) X2 = Variable 2 P2 = Probability 2 (P2 is also equal to 1 - P1)
So the expected return formula is as follows:
E(X) = (X1)*(P1) + (X2)*(P2)
Plugging in our given numbers we get E(X) = Expected Return X1 = 300,000 P1 = 10% or .1 X2 = 40,000 P2 = 1 - P1 = 1 - .1 = .9
E(X) = (300,000)*(.1) + (40,000)*(.9) E(X) = 66,000
Now remember this does not include the opportunity cost of spending your four years in college studying biology instead of another degree.

Posted on Mar 01, 2011

Hi,

Jane starts with 1200\$ at the beginning of the first year, and at the end of the fourth year she has 1200\$+300\$=1500\$
Use x for her annual interest rate, that means at the end of the first year she will have 1200\$*[(100+x)/100]. At the end of the second year her first-year money earns at the same rate, so she will have 1200\$*[(100+x)/100]*[(100+x)/100]=1200\$*[(100+x)/100]^2 at the end of the second year.
At the end of the third year she will have 1200\$*[(100+x)/100]^2 *[(100+x)/100]=1200\$*[(100+x)/100]^3
At the end of the fourth year she will have
1200\$*[(100+x)/100]^3 *[(100+x)/100]=1200\$*[(100+x)/100]^4 which is equals to 1500\$

1200\$*[(100+x)/100]^4=1500\$ divide both sides by 1200\$
[(100+x)/100]^4=1,25 take the fourth root of both sides
(100+x)/100=1,05737 both sides*100
100+x = 105,737 both sides -100
x=5,737
So Jane's annaual interest rate was 5,737%.

Hope it helps you.

Posted on Mar 15, 2011

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Posted on Aug 17, 2011

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So expected returns are just a little more advanced version of probability - without getting too in detail it uses weighted averages so you do not have to add the same number 17 times.
Let's first define our variables:
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