Part 1 of question : Describe how and why you made the decision to pursue an MBA. In the description, include calculations of expenses and opportunity costs related to that decision. My answer: I chose to pursue an MBA to gain competitive ness in the job market. It will cost me $28,000 total.

Part 2 of question: Analyze your desired occupation. Determine how much compensation (return) you expect to earn and how long will it take to pay back the return on this investment. Use the financial formulas, Net Present Value (NPV), Internal Rate of Return (IRR), and Payback in response. My answer: Marketing Director making $150,000. I need help with the financial formulas to determine how long it will take to pay back a 28,000 loan with a 5% interest rate. I will start paying this year.