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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?

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W0lf93
Median salary for a hugh school graduate according the Bureau of Labor Statistics (BLS) is 668 $ per week, which is 668*4=2672 $ per month. If Aaron works 2 years, which equals 2*12=24 monts, he will have 24*2672$=64128$. 30000$ from this he will use for college. The payback period (length of time rquiered to recover the cost) depends what job Aaron will work after fininshing college.

2.5 years.

Retail Clerk:

  • A retail clerk often referred to as a sales clerk, shop clerk, retail associate, shop assistant (in the UK), or customer service assistant, is a profession that provides services to a retail establishment.
  • In retail establishments including pharmacies, candy shops, and liquor stores, a retail clerk obtains or receives goods, totals invoices, accepts payments, takes orders, and makes changes for consumers (thus, the position may partially overlap with that of cashier and teller).
  • They stock shelves, counters, or tables with goods; stock shelves, counters, or tables with goods to promote sales; set up advertising displays or arrange goods on counters or tables to promote sales; stamp, mark, or tag prices on goods; and obtain goods that customers request or pick out themselves.

Solution -

  • I'm going to utilize the national data, which shows that the median annual salary is approximately $13,000, as you don't supply any information about it.
  • Two years of college will cost you $30,000.
  • He will make $26,000 throughout those two years because he is still employed.
  • This means he just needs to labor for around six months to pay the remaining $4,000.

Therefore, the correct answer is 2.5 years.

Know more about Retail Clerk here:

https://brainly.com/question/1076310

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