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You are 20 years old and have completed your BBA and want to pursue further education but you don't
want to take money from your father. Your plan is to start working and earn enough money so that you
can finance your degree on your own and get yourself enrolled in five years' time. You estimate that
the annual cost of doing an MBA 5 years from today will be PKR 400.000 and the program will be two
years long. You will need the money at the beginning your program so that you are not worried about
how to clear your dues during your studies. Luckily you go for a job interview and they hire you and
you start working at a salary of PKR 25.000. So you decide that 50% you will deposit in a saving
account at a 10% rate with monthly compounding for your further studies and the remaining amount
you will use for your daily expenses.
10
1. Will
you be able to meet your goal at this current saving rate?
2. What percentage of your salary should you save if you want to have exactly your university
expenses amount?
3. How would your answer to part 1 change if the saving account rate changed to 5? Comment on
your answer
Answers
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2
Answer:
French and Indian War, American phase of a worldwide ... 1754 - 1763 ... In harmony with this point of view, the governor and council of Virginia had by the end of 1752 ...
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Answer:
TAHNKS ❤️....
FOR YOUR INFORMATION.....
WE ALL ARE TAHNKS U FOR INFORMATION ❤️......
ÑÎÇÈ TÓ MÈËT Ú ☺️...
GD NI8 ❤️....
Explanation:
⚡ HAVE A NICE DAY ⚡
❉Take care ❉
___________❤️____________
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