How much money will be in this account

Assignment Help Business Economics

Reference no: EM131109968

To get your MBA, you must take 20 courses. You can take 8 courses per year (2 courses per quarter including a summer semester). A course costs $3,500. Your company offers tuition reimbursement for 2 courses per term. Your company deposits $7,000 in an account that offers 7% interest compounded monthly. You must pay the tuition 1 month after your company deposits the money (the money can sit in the account earning interest for a maximum of 1 month). At the end of your degree (all 20 courses, taking a maximum of 2.5 years to complete), how much money will be in this account?

Reference no: EM131109968

Questions Cloud

Oligopoly market structure ok for free market-capitalist : There are many economists that cringe at the words: oligopoly and free market together. To them, it is an oxymoron, unjust and plain down 'wrong'. Why do you believe that is the case? Isn't an oligopoly market structure 'ok' for a free market/ capita..

Did they provide enough detail to duplicate their work : What new information do the concluded results add to the body of scientific knowledge? How does this research pertain to thermodynamics? What thermodynamic principals are used?Is the research reproducible? Did they provide enough detail to duplica..

The use of a balanced rss as opposed to an srs : You have been asked to justify the use of a balanced RSS as opposed to an SRS of the same size to obtain information about a population. Discuss the pros and cons of these two approaches to data collection.

Thinken technology recently merged with college electronic : How should Ott respond to Habbe's remark about firing non-vested employees?

How much money will be in this account : To get your MBA, you must take 20 courses. You can take 8 courses per year (2 courses per quarter including a summer semester). A course costs $3,500. Your company offers tuition reimbursement for 2 courses per term. Your company deposits $7,000 in a..

Calculate the total number of sample units : We would like to collect a balanced RSS of 24 observations from a population. List all of the (set size, cycle size) combinations that could be used to obtain this balanced RSS of size 24.

How does camera placement and shot selection : In particular, how does camera placement and shot selection seem to be different from that used in making modern movies?

Factors poses problem in tackling environmental concerns : Which of the following factors poses a problem in tackling environmental concerns?

Use in total for the judgment rankings : Consider the population of 15% overstated book value accounting data given in Table 15.1. (See Problem 1 for more discussion about these data.) Using book values to perform your judgment rankings, select a balanced RSS of 96 invoices for auditing ..

User Account

All Pages