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 would take him 3 years to earn and cost a total of $30,000. after getting the degree, jesse will make $75,000 per year.

For the duration of 3 years that he doesn't have a degree, he will make $54k per year.
3 x 54,000 = 162,000
So before his degree, he makes $162k.
By the time he gets his degree, he will be 56.
If he retires at age 65, that means he'll be working for 9 years before retiring.
Each year during this, he'll make $75k.
9 x 75,000 = 675,000
So after getting his degree, he will make another $675k.
Together, this is $837,000.
But there's one more thing: The degree cost $30,000.
Just subtract this.
837,000 - 30,000 = 807,000
So by the time Jesse retires, he will have made $807,000.