You Want to Quit Your Job and Return to School

question 159

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 $2,800 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) $9,304.28
• B) $7,908.64
• C) $9,025.15
• D) $10,420.79
• E) $7,722.55

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Definitions:

Therapist

A professional trained to diagnose and treat mental health issues, psychological disorders, and emotional difficulties through various forms of therapy.

Cognitive Psychology

The branch of psychology that studies mental processes including perception, thinking, memory, and problem-solving.

Tolman

A psychologist known for his work on cognitive maps in rats and the concept of latent learning.

Model

An abstract representation or simulation of a real system, process, or concept used to understand, predict, or control its behavior.