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Please answer both questions with explanation. QUESTION 3 The current tuition for an MBA degree at U of I is $21,974. It is a two
Please answer both questions with explanation.
QUESTION 3 The current tuition for an MBA degree at U of I is $21,974. It is a two year program. Suppose you can get 5% investment return on your fund. You would like to compute how much you need to prepare for the total tuition when you enter the program, what do you enter in the financial calculator? a. PMT=-21,974,N=4,1/Y=5, CPT, PV b. PMT=-21,974,N=2,1/Y=5, CPT, PV C. 2nd BGN 2nd SET CE/C PMT=-21,974,N=4,1/Y=5, CPT, PV d. 2nd BGN 2nd SET CE/C PMT=-21,974,N=2,1/Y=5, CPT, PV QUESTION 4 Do the computation with a financial calculator or Excel spread sheet. How much do you need to prepare for the total tuition when you enter the programStep by Step Solution
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