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Career Planning and Education Investments, Exams of Advanced Education

Various scenarios related to career planning and the relationship between education, salary, and vacation time. It covers topics such as the correlation between years of education and vacation time, the education required for different careers, the cost of obtaining a degree, the time it takes to recover the investment in education, and the potential benefits of pursuing additional education. Practice problems and examples to illustrate these concepts, helping readers understand the financial and career implications of educational decisions.

Typology: Exams

2024/2025

Available from 09/27/2024

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Download Career Planning and Education Investments and more Exams Advanced Education in PDF only on Docsity! Career Planning (Practice) If there is a positive correlation between number of years of education and the amount of vacation time, which of the following careers would you expect to have the most vacation time? - pharmacist, docotorate degree If there is a positive correlation between salary and education, then based on the table shown, which of the following careers requires the most education? - accountant Neil decides to go to a technical college for 18 months to get a degree in computer networking. There are 6 school quarters in the program with a tuition of $530 each. Books for the entire program cost $1,800. How much will it cost Neil to get his degree? - $4,980 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? - 6.6 There is a negative correlation between the number of years in college and earnings. - F List 3 things that you should consider when choosing a career. - Education needed, future employment and earnings. Brenda has an associate's degree earning the median salary. She wants to quit working and go to college to get just a basic bachelor's degree. If she completes her degree in 2 years and it costs $15,000, how long will it take her to recover her investment assuming that she earns the median salary? - almost 8 years Alistar has an annual income of $25,000. He decides to take classes on line and at night so that he can continue to work. After 3 years he gets his degree and immediately starts earning $32,000 per year. If it takes Alistar 6 years to recover his investment for his education, how much did it cost him? - $42,000 Jesse works for an engineering firm earning $54,000 per year. Jesse is 53 years old and plans on retiring at age 65. He's considering working part-time so that he can work on another degree. His new degree