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How much will you have three years from today

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Reference no: EM133044144

Question - Answer both questions:

A. You want to quit your job and return to school for an MBA degree 3 years from now, and you plan to save $7,000 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?

B. How much you will have in the account if interest is paid at the end of every six months, instead of only once a year?

Reference no: EM133044144

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