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In: Finance
You want to quit your job and go back to school for a law degree 4...
You want to quit your job and go back to school for a law degree 4 years from now, and you plan to save $2,100 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?
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jeff jeffy answered 3 months agoRelated Solutions
You want to quit your job and return to school for an MBA degree 3 years from now, and you plan to save $5,000 per year, beginning immediately.
Part A: You want to quit your job and return to school for an
MBA degree 3 years from now, and you plan to save $5,000 per year,
beginning immediately. You will make 3 deposits in an account that
pays 5.2% interest. Under these assumptions, how much will you have
3 years from today?a. $16,614.78b. $17,943.97c. $17,445.52d. $18,442.41e. $14,953.30Part B: What is the PV of an annuity due with 5 payments of
$7,900 at an interest rate of 5.5%?a. $41,285.20b....
You are deciding if you should go to Law School, which is a three year degree....
You are deciding if you should go to Law School, which is a
three year degree. If you do not go to law school, you will earn
$47,000 per year. While you are in law school, you will have the
opportunity to take a part-time job working for a professor for
$12,000 per year. Tuition is $30,000 per year. Once you get a law
degree, you will earn $100,000 per year. For simplicity, assume no
raises. a) Suppose the interest...
To complete your last year in business school and then go through law school, you will...
To complete your last year in business school and then go
through law school, you will need $35,000 per year for 4 years,
starting next year (that is, you will need to withdraw the first
$35,000 one year from today). Your uncle offers to put you through
school, and he will deposit in a bank paying 9.73% interest a sum
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each. His deposit will be made today.
How...
You graduated from college and decided to attend law school. If you go to law school,...
You graduated from college and decided to attend law school. If
you go to law school, you will be forced to incur $180,000 in
student loans. The re-payment of the student loans will take place
over the next ten years after you graduate. The current rate on
student loans is 6% ARP (with monthly compounding).
How much in interest will you pay over the lifetime of the
loan?
How much interest will save if you add an additional $150 to...
Drew is undecided about whether to go back to school and get his master’s degree. He...
Drew is undecided about whether to go back to school and get his
master’s degree. He is trying to perform a cost-benefit analysis to
determine whether the cost of attending the school of his choice
will be outweighed by the increase in salary he will receive after
he attains his degree. He does research and complies data on annual
salaries in the industry he currently works in (he has been working
for 10 years), along with the years of experience...
Chris is undecided about whether to go back to school and get his master’s degree. He...
Chris is undecided about whether to go back to school and get
his master’s degree. He is trying to perform a cost-benefit
analysis to determine whether the cost of attending the school of
his choice will be outweighed by the increase in salary he will
receive after he attains his degree. He does research and compiles
data on annual salaries in the industry he currently works in (he
has been working for 10 years), along with the years of experience...
Jack is undecided about whether to go back to school and get his master’s degree. He...
Jack is undecided about whether to go back to school and get his
master’s degree. He is trying to perform a cost-benefit analysis to
determine whether the cost of attending the school of his choice
will be outweighed by the increase in salary he will receive after
he attains his degree. He does research and compiles data on annual
salaries in the industry he currently works in (he has been working
for 10 years), along with the years of experience...
Think about the type of job or career you want when you finish your degree (or...
Think about the type of job or career you want when you finish
your degree (or a job you have now). Describe a scenario where you
would have to use one of the following skills:
Create and Sort/Filter a table
Create a Pivot Table
Importing Data
Why would this be the best way to organize your data? What will
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specific.
Consider the following scenario: Your good friend Kyle would like to go back to school to...
Consider the following scenario:
Your good friend Kyle would like to go back to school to
complete a bachelor’s degree in Early Childhood Education so that
he can fulfill his dreams of teaching 2nd grade. Years ago, he
started college, but work and life responsibilities got in the way
of him finishing. He knows that you recently enrolled at Ashford
University and wants to ask your advice as he plans his next move.
In order to help pay for his...
Consider the following scenario: Your good friend Kyle would like to go back to school to...
Consider the following scenario:
Your good friend Kyle would like to go back to school to
complete a bachelor’s degree in Early Childhood Education so that
he can fulfill his dreams of teaching 2nd grade. Years ago, he
started college, but work and life responsibilities got in the way
of him finishing. He knows that you recently enrolled at Ashford
University and wants to ask your advice as he plans his next move.
In order to help pay for his...
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