Theresa McIntire is planning to go to a MBA program at the end of five years from
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Theresa McIntire is planning to go to a MBA program at the end of five years from now. She will then need $ at the end of each of two years to earn a respectable MBA degree. To restate, she will need to draw $ at the beginning of the sixth end of fifth and seventh years. How much should she put at the end of each year for the next five years in a mutual fund that is expected to earn percent per year to have the money she needs at the end of five years from now. Hint: Draw a time line. Challenging problem
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