Return to school for an mba degree

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Reference no: EM13971301

You want to quit your job and return to school for an MBA degree 5 years from now, and you plan to save $5,000 per year, beginning immediately. You will make 5 deposits in an account that pays 4.0% interest. Under these assumptions, how much will you have 5 years from today?

$22,259.11
$23,149.48
$27,081.61
$28,164.88

Reference no: EM13971301

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