You Want to Quit Your Job and Return to School

question 150

Multiple Choice

You want to quit your job and return to school for an MBA degree 3 years from now,and you plan to save $7,000 per year,beginning immediately.You will make 3 deposits in an account that pays 5.2% interest.Under these assumptions,how much will you have 3 years from today?

• A)$20,993
• B)$22,098
• C)$23,261
• D)$24,424
• E)$25,645

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Definitions:

Caregivers

Individuals who provide care for another person, typically a family member or someone unable to care for themselves due to illness, disability, or age.

Late-life Remarriages

The act of marrying again in later adulthood, often after being divorced or widowed, which can have significant social, emotional, and financial implications.

Midlife Remarriages

The act of marrying again during midlife, often bringing together blended families and dealing with unique relationship dynamics.

Satisfied

The feeling of contentment or pleasure in one's achievements, possessions, or state of being.