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Want to Quit Your Job and Return to School for an MBA

Question 159

Multiple Choice

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?


A) $20,993
B) $22,098
C) $23,261
D) $24,424
E) $25,645

Correct Answer:

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