Two people quit work and begin college at the same time. Their salary and education information is given in the table below. Salary prior to school Years attending college Total cost of college Salary upon graduating Person A $18,000 3 $45000 $33,000 Person B $27,000 4 $30,000 $37,000 Choose the true statement. a. Person A recovers their investment in a shorter amount of time. b. Person B recovers their investment in a shorter amount of time. c. They recover their investments in the same amount of time. d. There is too little information to compare the time to recover their investments. Please select the best answer from the choices provided

Respuesta :

Answer:

A

Explanation:

The conclusion that can be drawn from the scenario is a. Person A recovers their investment in a shorter amount of time.

Data and Calculations:

                   Salary prior   Years attending    Total cost    Salary upon

                     to school               college        of college    graduating

Person A        $18,000                 3                   $45000      $33,000

Person B       $27,000                 4                  $30,000      $37,000

\begin{verbatim}

Person A's total investment costs = $99,000 ($18,000 x 3 + $45,000)

Person B$1380's total investment cost = $138,000 ($27,000 x 4 + $30,000)

Person A's investment recovery period = 3 years ($99,000/$33,000).

Person B's investment recovery period = 3.7 years ($138,000/$37,000).

\end{verbatim}

Thus, the conclusion that can be drawn from the scenario is a. Person A recovers their investment in a shorter amount of time.

Learn more about investment recovery at https://brainly.com/question/10479782

#SPJ2