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Your grandmother loves you and wants you to get a graduate degree. She promises to pay you $1,225 right away and an equal amount every
Your grandmother loves you and wants you to get a graduate degree. She promises to pay you $1,225 right away and an equal amount every 6 months for the a total of 5 years to encourage you to continue your graduate education and get a Master of Business Administration (MBA) degree at Cal State LA. She really does love you. If you dont spend any of the money amounts that she gives you, how much will you have accumulated at graduation if you could invest the funds at 5% compounded semiannually?
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