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?

Show your work. To answer this question, use both a financial calculator and manual calculations using a timeline