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:

Distribution Of Scores

A representation, often in graphical form, showing how frequently different scores appear in a set of data.

Arithmetic Average

The central value of a set of numbers, calculated by dividing the sum of all the numbers by the count of those numbers.

Arithmetic Average

The sum of a collection of numbers divided by the count of numbers in the collection, commonly known as the mean.

Extreme Cases

Situations or examples that are highly unusual or atypical, often used to test the limits of theories or understanding.