Question
You plan to pursue graduate study and expect to study part-time for 3 years. The annual spending including tuition and other related expenses are estimated
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You plan to pursue graduate study and expect to study part-time for 3 years. The annual spending including tuition and other related expenses are estimated to be $80,000 payable at the end of each year, growing at 5% per year. Assume that you can earn 8% interest on your savings. What is the lump sum that you will need before you start your graduate study?
You plan to pursue graduate study and expect to study part-time for 3 years. The annual spending including tuition and other related expenses are estimated to be $80,000 payable at the end of each year, growing at 5% per year. Assume that you can earn 8% interest on your savings. What is the lump sum that you will need before you start your graduate study?
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
1119563097, 9781119563099
