FINANCIAL MANAGEMENT ASSIGNMENT Question 1 SCENARIO ONE - Anna wants to quit her SCENARIO TWO - Anna wants to quit her job and return to school for an MBA degree job and return to school for an MBA degree 3 years from now, and she plans to save 3 years from now, and she plans to save $7,000 per year, beginning immediately. She $7,000 per year, beginning one year from will make 3 deposits in an account that pays today. She will make 3 deposits in an account 5.2% interest that pays 5.2% interest i. Based on all the assumptions made in scenario one, how much will Anna have three years from now? (4 Marks) ii. Based on all the assumptions made in scenario two, how much will Anna have three years from now? (4 Marks) iii. Comparing the savings Anna made under scenario one and scenario two, which amount is greater? Briefly explain the finance principle accounting for the difference in the two amounts. (2 Marks)