26
QuizMultiple Choice

Savings Accounts — Unit test

Question 26 • Financial Math - MA2007

Aaron is a high school graduate working as a retail clerk. He earns a median salary for a high school graduate. Aaron is thinking about going to college to get an associate's degree. If he completes his degree in 2 years and college costs total $30,000, how long will it take Aaron to recover his investment, assuming that he earns the median salary and continues to work full time while he is attending school?

Question illustration
Answer
A
about 2.5 years
B
about 5.5 years
C
about 8.5 years
D
about 11.5 years
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