Answer Happy

A friend presents you with a decision to make some changes in her professional and work life and has some plans in which she asks for your help to make some decisions.a) You want to enroll in one more year, in a prestigious business school to pursue a master's degree in business administration (MBA) that lasts two years. The annual cost of the program is US$30,000, an amount that must be paid at the beginning of each year. Your question is:What amount of money should you put today, in an account that offers you an interest of 8% per year, to be able to face the payments?b) On the other hand, he is considering becoming independent later on, creating his own business. The project you have thought of requires an investment of 1,000 UF. Your monthly savings capacity is 25 UF per month.b1) To save you have the following investment alternatives: i) Deposit in UF + 7% real annual ii) Deposit in $ (pesos) at 1% nominal monthlyIf the annual change in inflation is expected to be 5%Which alternative is the most convenient to save money? Justify your answer with calculations.b2) How many months will it take to collect the money required for the investment in your project (the 1,000 UF) if you save 25 UF per month in the best alternative of the previous point?