Draw the timeline of the tuition fees

Assignment Help Other Subject
Reference no: EM132629234

Today is December 31, 2016. Mr. Saydul Karim wants to go for his 4 years PhD program to be started at the beginning of 2020. Checking the University's website, Saydul found that the current monthly tuition fee for the program is Tk. 80,000, which is to be paid at the beginning of every month. There are 2 semesters each year and each semester is 4.5 months long. Given the fact, annual Inflation won't impact his tuition fees during the 4 years PhD program. The effective annual rate (EAR) is 9% for any savings.

Required

a. Draw the timeline of the tuition fees. Also, What is the total tuition fee

b. Saydul wants to pay-off the entire tuition fees in the very beginning of 2020, when his classes start. How much money does Saydul have to invest at the beginning of each year from today onward to have his entire tuition fees ready at the beginning of his PhD program

c. Assume that Saydul will get 20% scholarship on the total tuition fees of the 4 years PhD program. Currently, he has opened a savings account with Tk. 50,000 deposited, which is compounded on a yearly basis at 10% APR. If he wants to fund the remaining of the tuition fees with end of the year deposits, what should be the amount of each deposit?

Reference no: EM132629234

Questions Cloud

What has your experience been regarding self-disclosure : Can you relate to this article on self-disclosure in relationships? If so, explain what specifically you could relate to and provide examples of your own.
How the ideas of scientific management thinkers contribute : How the ideas of scientific management thinkers contribute to the development of concepts and principles of modern work management
Preparation of the consolidated financial statements : Prepare the consolidation worksheet journal entries for the preparation of the consolidated financial statements of Rock Ltd at 30 June 2019.
Importance of cash flow management : What is the importance of cash flow management in managing a practice?
Draw the timeline of the tuition fees : a. Draw the timeline of the tuition fees. Also, What is the total tuition fee
Describe the components of course evaluation : Review the Final Paper instructions in Week Five of the online course or in the "Components of Course Evaluation" section of this guide.
Describe the four types of financial markets : Describe the four types of financial markets and provide three to five characteristics of each.
What initially attracted you to the person : Share an example of a time when you developed a friendship/relationship with someone whom you did not get along with at first. What initially attracted you to.
What is the firm level of inventories : What is the firm's level of current liabilities? What is the firm's level of inventories? Do not round intermediate calculations. Round your answers to the near

Reviews

Write a Review

Other Subject Questions & Answers

  Cross-cultural opportunities and conflicts in canada

Short Paper on Cross-cultural Opportunities and Conflicts in Canada.

  Sociology theory questions

Sociology are very fundamental in nature. Role strain and role constraint speak about the duties and responsibilities of the roles of people in society or in a group. A short theory about Darwin and Moths is also answered.

  A book review on unfaithful angels

This review will help the reader understand the social work profession through different concepts giving the glimpse of why the social work profession might have drifted away from its original purpose of serving the poor.

  Disorder paper: schizophrenia

Schizophrenia does not really have just one single cause. It is a possibility that this disorder could be inherited but not all doctors are sure.

  Individual assignment: two models handout and rubric

Individual Assignment : Two Models Handout and Rubric,    This paper will allow you to understand and evaluate two vastly different organizational models and to effectively communicate their differences.

  Developing strategic intent for toyota

The following report includes the description about the organization, its strategies, industry analysis in which it operates and its position in the industry.

  Gasoline powered passenger vehicles

In this study, we examine how gasoline price volatility and income of the consumers impacts consumer's demand for gasoline.

  An aspect of poverty in canada

Economics thesis undergrad 4th year paper to write. it should be about 22 pages in length, literature review, economic analysis and then data or cost benefit analysis.

  Ngn customer satisfaction qos indicator for 3g services

The paper aims to highlight the global trends in countries and regions where 3G has already been introduced and propose an implementation plan to the telecom operators of developing countries.

  Prepare a power point presentation

Prepare the power point presentation for the case: Santa Fe Independent School District

  Information literacy is important in this environment

Information literacy is critically important in this contemporary environment

  Associative property of multiplication

Write a definition for associative property of multiplication.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd