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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 $9,000 at the end of each of the next 2 years. Using an average discount rate of 6%, the future value of your assistantship can be calculated by O A. O B. C. O D. FV= $9,000 (PV factor, i = 6%, n = 2) FV= $9,000 x 6% x 2. FV= $9,000 (Annuity PV factor, i-696, n-2) FV-$9,000 (Annuity FV factor, i-6%, n-2)
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