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You want to quit your job and return to school for an MBA degree 3 years from now, and you plan to save $7,000 per

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You want to quit your job and return to school for an MBA degree 3 years from now, and you plan to save $7,000 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? $21, 993 $23, 261 $23, 767 $24, 424 $25, 645 What is the PV of an ordinary annuity with 10 payments of $2, 700 if the appropriate interest rate is 5.5%? $16, 576 $17, 449 $18, 367 $19, 334 $20, 352 What's the present value of a perpetuity that pays $250 per year if the appropriate interest rate is 5%? $4, 750 $5,000 $5, 250 $5, 513 $5, 788 Your uncle is about to retire, and he wants to buy an annuity that will provide him with $75,000 of income a year for 20 years, with the first payment coming immediately. The going rate on such annuities is 5.25%. How much would it cost him to buy the annuity today? $ 825, 835 $ 869, 300 $ 915, 052 $963, 213 $1, 011, 374

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