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please help 27. You want to quit your job and return to school for an MBA degree 3 years from now, and you plan to
please help
27. You want to quit your job and return to school for an MBA degree 3 years from now, and you plan to save $4,900 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? a. $16,282,49 b. $16.445.31 c. $16.770.96 d. $16,933.79 e. $18.236.39 28. What is the PV of an ordinary annuity with 10 payments of $7,900 if the appropriate interest rate is 5.5% ? a. $57,760.83 b. $55,378.94 c. $47,637,80 d. $48,233,27 e. $59,547,24 Question 29 ( 2 points) 29. You have a chance to buy an annuity that pays $3,800 at the end of each year for 3 years. You could earn 5.5% on your money in other investments with equal risk. What is the most you should pay for the annuity? a. 58.611.80 b. $10,662.23 c. $11,072.32 d. $7.689.11 c. $10,252,15 Step by Step Solution
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