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Your hard work in college paid off, quite literally, and you received a graduate assistantship for your MBA program. The assistantship pays a stipend of
Your hard work in college paid off, quite literally, and you received a graduate assistantship for your MBA program. The assistantship pays a stipend of $10,000 at the end of each of the next 2 years. Using an average discount rate of 3%, the future value of your assistantship can be calculated by A) PV = $10,000 times 3% times 2. B) PV = $10,000 (PV factor, i = 3%, n = 2). C) PV = $10,000 (Annuity PV factor, i = 3%, n = 2). D) PV = $10,000 (Annuity FV factor, i = 3%, n = 2)
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