Business, 21.03.2020 03:32 veneciaconton347
You hope to go to graduate school, and the tuition will be $50,000 for the one-year M. B.A. program. If you can only afford to save $3,000/quarter and the interest rate is 9%, how long will you need to save?
Answers: 3
![[\frac{(1+r)^{N} -1}{r} ]](/tpl/images/0557/2422/fd7e2.png)
![[\frac{(1+0.09)^{N} -1}{0.09} ]](/tpl/images/0557/2422/e51b0.png)
x 0.09 ) + 1 = 
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You hope to go to graduate school, and the tuition will be $50,000 for the one-year M. B.A. program....
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