Lesson #3, Assignment #4 - Chapter 6 The MBA Decision Input...

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Chapter 6 The MBA Decision Input area: Current salary $55,000 Years until retirement 38 Salary increase 3% Tax rate 26% Wilton Tuition per year $63,000 $2,500 Signing bonus $15,000 Starting salary $98,000 Salary increase 4% Tax rate 31% Mount Perry Tuition per year $80,000 $3,500 Signing bonus $10,000 Starting salary $81,000 Salary increase 3.5% Tax rate 29% Both schools $20,000 Health insurance $3,000 Discount rate 6.50% Question 1: How does Ben's age affect his decision to get an MBA? Output area: Question 3: 3. Current job Aftertax income $40,700.00 Present value of salary $60,000.00 My opinion, Age is one of the important factor that affects someone decision to continue study. In this case, Ben is now 28 years old. He graduated from college six years ago when he’s age is 22 years old. Assuming that Ben already working for about 5 years since graduated from college, so that he would have enough money from salary saving in 5 years to do his MBA at 28 years age. If he starts the MBA program on 28
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This note was uploaded on 04/29/2011 for the course FINANCE BA521 taught by Professor Mark during the Spring '11 term at Antelope Valley College.

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Lesson #3, Assignment #4 - Chapter 6 The MBA Decision Input...

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