In order to go to college, Hank goes from working full-time making $28,000 per year to working part-time at half the salary for two years. The cost of his education will be $5,000. If Hank makes $33,000 per year after getting his degree, approximately how many years will it take him to recover his investment?

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To determine how many years it will take Hank to recover his investment in education, we need to calculate the total cost of his investment and the increase in his annual income after graduation. Here’s a step-by-step breakdown:

Loss of Income During School:Cost of Education:Total Investment:Increase in Annual Income After Graduation:Years to Recover Investment:Therefore, it will take Hank approximately 6.6 years to recover his investment in education.