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You've recently been accepted into a one year Masters program at UIUC. Since you had outstanding credentials, the department has offered you a graduate assistantship

You've recently been accepted into a one year Masters program at UIUC. Since you had outstanding credentials, the department has offered you a graduate assistantship which includes a one-time tuition waiver of $25,000 at the beginning of the academic year plus an end of the month stipend for 12 months. Anheuser Busch, which recently started a center at the Research Park has also offered you a contract for 1 year as a part-time intern paying $3,500 per month. What monthly stipend would make you indifferent to these two offers, if the rate of interest is 6% compounded monthly.

a.

$1,348.33

b.

$1,868.63

c.

$1,721.67

d.

$1,468.21

e.

$1,305.53

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