Assume that by continuing your education you increased your yearly earning potential from $21484 to $39746. if the additional education costs $36000 in about how many years will It pay for itself?

To determine how many years it will take for the additional education to pay for itself, first calculate the annual increase in earnings: $39,746 - $21,484 = $18,262. Next, divide the cost of education by the annual increase: $36,000 ÷ $18,262 ≈ 1.97 years. Thus, it will take about 2 years for the education costs to pay for themselves.