The current cost of graduate school tuition is $22,000 per year. The cost of tuition is rising at 7.00% per year. You plan to attend graduate school…
- The current cost of graduate school tuition is $22,000 per year.
The cost of tuition is rising at 7.00% per year.
You plan to attend graduate school for 2 years starting 3 years from now.
How much do you have to invest today if your savings account earns 5.00% APR compounded annually to just fund your tuition?
$46,127
$47,006
$45,265
$55,788
2 . Your starting salary was $45,000
After 6 years of work, your salary is $60,000
If inflation averaged 5.00% over the same time period,
What was your REAL average per year percentage raise ?
-0.084%
35.00%
31.67%
-0.49%
33.33%
-0.53%
3. Your starting salary was $50,000 .
After 5 years of work, your salary is $55,000
What was your NOMINAL average per year percentage raise ?
2.02%
10.00%
9.50%
1.89%
1.92%
10.50%
