You Want to Quit Your Job and Return to School

question 134

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 $5,600 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) $18,608.56
• B) $21,772.01
• C) $16,747.70
• D) $15,259.02
• E) $22,516.35

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Definitions:

Georgia

A state located in the southeastern region of the United States, known for its history, culture, and diverse geography.

Arizona

A U.S. state in the Southwestern region known for its desert landscape, the Grand Canyon, and a rich Native American heritage.

California

A U.S. state on the western coast known for its diverse geography, significant economic impact, and cultural influence, as well as being the most populous state.

Genetic Technologies

Scientific methods and tools used in genetics, including DNA sequencing, genetic engineering, and gene therapy, which have applications in medicine, agriculture, and biotechnology.