1. Getting the MBA from Wilton University.
Ben Bates must borrow $146,000 to get the MBA at the Wilton University for two years. The current borrowing rate is 5, 4%. Assuming he pay out the principal plus interest every year for five years:
Loan amount : $146,000
Interest rate : 5.4%
Long term : 5
Loan payment : $ 34.096,06