You are planning on enrolling in the Master of Finance in 4 years time and will be required to pay $45,000 in fees upfront at enrolment. If you can earn 5.4% p.a. on your money, how much would you need to deposit into a savings account today in order for you to have enough money to pay your fees? [Round to the nearest dollar] Select one: a. $45,282 b. $34,595 c. $36,463 d. $41,514
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- Samuel Ames owes 20,000 to a friend. He wants to know how much he would have to pay if he paid the debt in 3 annual installments at the end of each year, which would include interest at 14%. Draw a time line for the problem. Indicate what table to use. Look up the table value and place it in a brief formula. Solve.oday, you graduated from high school. You are planning to go to UH starting 2 years from now after volunteering abroad. The tuition will be due at the beginning of school year.You will start paying tuitions in two years, and the amount will be $15,000, $15,750, $16,550, and $17,700. How much do you need to have in your account today if you can earn 8% on your account compounded annually? Round to the nearest cent. Do not include any unit (If your answer is $111.11, then type 111.11 without S sign.)Use the following information to do a CBA of going to college and earning your BS degree instead of working with your HS diploma. Assume that you are unable to work during the time you are in college HS income: $36,000BS income: $63,000College out of pocket costs: $13,000 College n 4 yearsCareer n 35 years Use r=3% and annual compounding
- A student has a savings account earning 12% simple interest. She must pay $1250 for first-semester tuition by September 1 and $1250 for second-semester tuition by January 1. How much must she earn in the summer (by September 1) to pay the first-semester bill on time and still have the remainder of her summer earnings grow to $1250 between September 1 and January 1? We need to solve for the principal which is represented by _____ answers to choose from^^^^: s, p, t, r 1250= P + P(_________) * 1/3 1250 = P + P(________) 1250 = (________)p P = $___________ (rounded to the nearest cent) *PLEASE ROUND* Thus, the student will need to earn $1250 +__________ = $__________ during the summer.An inusrcane company pays its agents 40% prrcent commisison om the first years premium and 5% in the second year. If the premiums are 500 bucks a year what is the total commission that will be paid during th two years (this is also for a test i have tomorrow so this is study practice)1. Blake is considering whether to enroll full-time in a two-year, webpage design certificate program. Enrolling in this program requires him to leave his current job and devote all of his available time to his studies. He plans to make his decision based on standard human capital analysis, and has obtained the following data to help with his decision: Direct Costs (tuition and fees in each year): $2,000 Current annual earnings (i.e., w/o the additional education): $5,000 After completing the certificate program, Blake will work 3 years and then retire (thus, this is a 5-period model: t = 0, 1, 2, 3, 4). His estimated annual earnings, post-schooling, in each year are: $11,000 Blake's discount rate is 3% Create a table with the following information (shown in columns): time period, direct costs in each period, indirect costs in each period, expected earnings with additional schooling, and incremental (net) benefits in each period (discounted by the appropriate rate). Given the data,…
- When enrolling at the University, he signed a bill of exchange for an amount of ¢180,000.00 with a term of 90 days. The current interest charged is 5% per year and the default interest is 3% per month, you are planning your finances and you cannot cancel on the due date, so you must cancel with a delay of 25 days, it is requested: a) Calculate the amount of current interest b) Calculate the amount of default interest d) What annual effective interest rate (TEA) will you end up paying?Larry has decided to take out a loan for college. He expects to graduate 4 years and 9 months later and payments begin 6 months after graduation. He borrowed $6,000 from a federal loan program at a 5.5% interest rate. What will his montly interest rate be? Assume 30 day months. - I CANT FIGURE WHAT FORMULA TO USE FOR THIS ONE PLEASE HELP MY EXAM IS TONIGHT.An engineering student borrows $4000 to pay tuition for his senior year. Payments are to be made in 36 equal monthly installments, to begin the first month after graduation. How much money must the student repay each month, if he is graduated 9 months after taking out the loan and if the interest rate is 10% per year, compounded quarterly? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
- You have just entered a two-year part-time Executive MBA. The tuition fee is $15,000 per year payable at the beginning of each year. Before the program you eamed $40, 000 per year. Your expected salary after graduation. is $55, 000 per year. You can invest your money at 8%. Assume that you will work for 30 years after graduation. The salary differential of $15,000 will continue through this period. How much is your EMBA worth?You will be in graduate school for the next two years. You borrowed some money from the bank for your graduate education, which the bank has accepted to be paid after you graduate from school in three years. The bank has accepted to the following payment plan: from the beginning of Year 3 (25th month) to end of year 5 (60th month), pay $950 per month 25 and increase payment by 2% every month thereafter. How much money should you put aside each month (equal amount) for the first 24 months (during graduate school) such that you can pay the loan back after graduation? Use an APR of 12%, compounded monthly.You will be in graduate school for the next two years. You borrowed some money from the bank for your graduate education, which the bank has accepted to be paid after you graduate from school in three years. The bank has accepted to the following payment plan: from the beginning of Year 3 (25th month) to end of year 5 (60th month), pay $950 per month 25 and increase payment by 2% every month thereafter. How much money should you put aside each month (equal amount) for the first 24 months (during graduate school) such that you can pay the loan back after graduation? Use an APR of 12%, compounded monthly. Provide the value you must set aside each month to be able to pay back the loan when the payment plan begins. Find Value to set aside monthly: [A]