You are 30 years old today and decided to apply for a
postgraduate in finance.
Your current annual salary is RM36,000 and is expected to grow by
4% annually. Graduates in finance earns RM50,000 upon graduation,
with salaries growing by 3.5% yearly. Cost of the 2 years of study
is RM25,000 per year which should be paid at the end of each study
year.
So, If your retirement age is 67 and the discount rate is 7%
annually, is it...