You are planning on enrolling in the Master of Finance in 4 years time and will be required to pay $45,000 in fees upfront at enrolment. If you can earn 5.4% p.a. on your money, how much would you...


You are planning on enrolling in the Master of<br>Finance in 4 years time and will be required to<br>pay $45,000 in fees upfront at enrolment. If<br>you can earn 5.4% p.a. on your money, how<br>much would you need to deposit into a<br>savings account today in order for you to have<br>enough money to pay your fees? [Round to<br>the nearest dollar]<br>Select one:<br>a. $45,282<br>b. $34,595<br>c. $36,463<br>d. $41,514<br>

Extracted text: You are planning on enrolling in the Master of Finance in 4 years time and will be required to pay $45,000 in fees upfront at enrolment. If you can earn 5.4% p.a. on your money, how much would you need to deposit into a savings account today in order for you to have enough money to pay your fees? [Round to the nearest dollar] Select one: a. $45,282 b. $34,595 c. $36,463 d. $41,514

Jun 09, 2022
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