You are planning on enrolling in the Master of Finance in 4 years time and will be required to pay $45,000 in fees upfront at enrolment. If you can earn 5.4% p.a. on your money, how much would you need to deposit into a savings account today in order for you to have enough money to pay your fees? [Round to the nearest dollar] Select one: a. $45,282 b. $34,595 c. $36,463 d. $41,514

You are planning on enrolling in the Master of Finance in 4 years time and will be required to pay $45,000 in fees upfront at enrolment. If you can earn 5.4% p.a. on your money, how much would you need to deposit into a savings account today in order for you to have enough money to pay your fees? [Round to the nearest dollar] Select one: a. $45,282 b. $34,595 c. $36,463 d. $41,514

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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