ZuoTi.Pro
Question

You want to quit your job and go back to school for a MBA 4 years...

You want to quit your job and go back to school for a MBA 4 years from now, and you plan to save $8,800 per year, beginning immediately. You will make 4 deposits in an account that pays 5.7% interest. Under these assumptions, how much will you have 4 years from today? a. $32,408.12 b. $35,243.83 c. $34,838.73 d. $40,510.15 e. $48,207.08

business   finance   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

have in 4 years(1r)xpmt x ((1+r)An-1))/r $40,510.15 [1.057*8800*(1.0574)-1)/0.057)]

0 0
Add a comment
Know the answer?
Add Answer to:
You want to quit your job and go back to school for a MBA 4 years...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • e. $281.88 14. You want to quit your job and go back to school for a...

    e. $281.88 14. You want to quit your job and go back to school for a law degree 4 years from now, and you plan to save $2,000 per year, beginning immediately. Y pays 4.0%, interest. Under these assumptions, how much will you have 4 years from today? a. S16,112 b. $16,918 c. $8,833 ou will make 4 deposits in an account that d. $13,249 e. S13,8

  • 11. You want to quit your job and go back to school for a law degree...

    11. You want to quit your job and go back to school for a law degree 4 years from now, and you $5,000 per year, beginning immediately. You will make 4 deposits in an account that pays 4.0% interest. Under these assumptions, how much will you have 4 years from today? a. $16,112 b. S16,918 c. $22,082 d. S22,628 e. $27,154

  • In the previous question, suppose that you decided not to 30 quit your job and go back to school. Instead, you deci...

    In the previous question, suppose that you decided not to 30 quit your job and go back to school. Instead, you decide to put S65,000 (your tuition books and foregone wages) into the bank at the end of the first year and another $65,000 at the end of the second year at 7% interest. Right after making your second deposit, how much money would you have in the bank at the end of the second year? a. b. You want...

  • 600 per year being immediately You will make 3 deposits in an account that pays 52%...

    600 per year being immediately You will make 3 deposits in an account that pays 52% interest You want to your job and return to school for an MBA degree years from now, and you plaas toe Under these assumption how much will you have 3 years from today? a $16.26720 Ob 52 516 35 515.25900 od SI56 52177201

  • Your brother, age 30, working for ABC corp.wants to quit his job and go back to...

    Your brother, age 30, working for ABC corp.wants to quit his job and go back to school for MBA degree. At his current job, he is making $60000 per year and was planning to work until age 65 years. If he goes back to school, he will forego two years of income, but his real income after graduation would be $90000 per year until retirement at age 65. He has been accepted to an MBA program that costs a real...

  • You want to go to grad school 3 years from now and you can save $5,000...

    You want to go to grad school 3 years from now and you can save $5,000 per year. De immediately. You plan to deposit the funds in a mutual fund which you expect to retur Under these conditions, how much will you have just after you make the 3rd deposit, 3 years in a. $14,976.84 6. $16,110.34 * using a financcu calculator c. $17,513.68 d. $17,865.65 e. $18,349.15 You have a chance to buy an annuity that pays $1,000 at...

  • nncta b. $16,110.34 c. $17,513.68 d. $17,976.84 e. $16,390.50 You want to go to grad school...

    nncta b. $16,110.34 c. $17,513.68 d. $17,976.84 e. $16,390.50 You want to go to grad school 3 years from now, and you can save $5,000 per year. De immediately. You plan to deposit the funds in a mutual fund which you expect to return 9% per year. Under these conditions, how much will you have just after you make the 3rd deposit, 9 years from now a. $14,976.84 b. $16,110.34 c. $17,513.68 d. $17,865.65 e. $18,349.15 You have a chance...

  • You want to go to Europe 5 years from now, and you can save $7,300 per...

    You want to go to Europe 5 years from now, and you can save $7,300 per year, beginning one year from today. You plan to deposit the funds in a mutual fund that you think will return 8.5% per year. Under these conditions, how much would you have just after you make the 5th deposit, 5 years from now? a. $50,608.61 b. $51,906.27 c. $46,715.64 d. $32,873.97 e. $43,255.22

  • Question 7 5 pts You want to go to Europe 5 years from now, and you...

    Question 7 5 pts You want to go to Europe 5 years from now, and you can save $3.500 per year, beginning one year from today. You plan to deposit the funds in a mutual fund that you think will return 7.3% per year. Under these conditions, how much would you have just after you make the 5th deposit. 5 years from now? Your answer should be between 18,055.00 and 24,575.00, rounded to 2 decimal places, with no special characters....

  • A lottery winner will receive $1 million at the end of each of the next ten...

    A lottery winner will receive $1 million at the end of each of the next ten years. What is the future value of her winnings at the time of her final payment (in millions of dollars), given that the interest rate is 9.5% per year? (Round your answer to three decimal places.) $ million -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Your grandmother has been putting $1,000 into a savings account on every birthday since your first (that is, when you turned one). The account pays...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT